Practice Research On Housing Reverse Mortgages Loan In Our Commercial Bank

With our country aging intensifies, people aged over60reached13.26%, and social development makes the "empty nest" increased, the government pension becomes overdraft gradually, so that "Old before getting rich" has become a major problem in China. To meet the increasing pension needs, people start thinking through various channels and focus on the housing reverse mortgage loan. I can either be used as an effective supplement to the pension needs, improve the quality of older people’s life, but also as a channel to broaden the investment for financial institutions, improve the efficiency in the use of idle funds, Can also stimulate the further reform of China’s real estate market, has important practical significance. However, because of its special nature and the ideas in our country, its development faces many risks and difficulties, the acceptability is still very low.Research on housing reverse mortgage loan in our commercial bank, you can have a comprehensive knowledge of this business, and helps to its promotion in our country. This paper on the basis of a lot of reading literature at home and abroad, arranged in accordance with the order from theory to practice, guided by the scientific theory, and then we can understand the reverse mortgage comprehensively, and explore the necessity of the reverse mortgage is the introduction of China’s financial market. Then, learning from the successful experience of other country by reading the actual cases at home and abroad, and analyzing carefully of the current situation of housing reverse mortgages in our country. Combined with the degree of development of the institutional, economic and cultural development in our country, thinking the main obstacles of our reverse mortgage deeply. Combined with the actual market demand, designing the program for the commercial banks to start new financial business, including mode selection, the role of related parties, payment method, specific process and so on, analyzing the positioning comprehensively about the institutions which involved in the reverse mortgage business, clearing lines of responsibility and the operation of the process, In this paper, the securitization of the reverse mortgage loan is proposed, providing space for long-term development of the reverse mortgage. The focal point is to price the loan using the Asset Pricing Model and Option Pricing Theory, and verified them. Descriptive statistical analyze the lasted data to control and evaluate the risks in the program, analyze the feasibility actually, the risk-benefit of the program and make recommendations, as to provide references for carrying out the reverse mortgage business.