The Research On Financing Risk Control Of Housing Fund Asset Securitization

In recent years,the use of housing provident fund in the case of increasingly high,and more cash reserves in short supply situation.Many e1 perts put forward through the housing provident fund loan securitization to resolve the contradiction between the shortfall of provident fund.Housing provident fund management center Personal housing loan securitization The purpose is to manage the center to solve the shortage of funds.Its essence is to have been issued,the long term,poor liquidity of individual housing loans to revitalize,convert it to the free sale of securities in the capital market,so that the housing provident fund has funds available to the depositors.On the basis of theoretical support,this paper studies the risk of securitization of housing provident fund loan assets through data analysis from the practical case.The study found that for the small scale of assets,the value of the small amount of income Y reserve fund center,when the financing scale is large,the center bear the greater debt service capital pressure to increase financial risk,need to make up for the higher negative interest rate will Increased operational risk,as well as excessive excess mortgages,will increase the risk of redemption and increase operational risk.In addition,based on the risk of capital demand,the risk of asset securitization and the risk of housing provident fund loans and other risks,such as Y city's small and medium-sized city management center should be combined with the local real estate market situation,and their own operation scale and energy Bear the risk level,through the way of asset securitization to raise part of the funds.Taking the government and non-profit organization as an example,this paper studies the risks and countermeasures of the securitization of housing provident fund loan assets in small and medium-sized cities,with a view to providing reference for the securitization of housing provident fund assets in many other small and medium-sized cities in China,and the next step for small and medium-sized city management center Broaden the housing provident fund financing channels,improve the use of funds to accumulate experience.