Home Mortgage Loan Securitization

Author: Bin Rong
Publisher:
Publish Date: 2002-06-01
Features: This book takes the example of U.S. mortgage loan securitization to explore the operational principles and basic methods of mortgage loan securitization. It also proposes views on the key points, difficulties, and pilot programs of implementing mortgage loan securitization in China. It aims to enhance the promotion and popularization of asset securitization, promote the introduction of this new financial product in China, and drive the deepening of China's financial system reform. This book is part of the "Financial Doctor Series" (Volume 4).
This book takes the example of U.S. mortgage loan securitization to explore the operational principles and basic methods of mortgage loan securitization, such as the basic structure and operational mechanisms of the primary mortgage loan market, the creation and guarantee mechanisms of mortgage loans, basic products, and interest rate systems. In the secondary mortgage loan market, it examines the functions, organizational forms, and risk prevention measures of special institutions, mortgage-backed securities and derivative products, as well as the issuance and holding structures of securities. It analyzes the types of risks in securitization, their causes, measurement methods, and risk mitigation strategies, and elaborates on the main approaches to credit enhancement, credit rating standards, and procedures. Additionally, it proposes views on the key points, difficulties, and pilot programs of implementing mortgage loan securitization in China. This book provides some reference and learning value for China's implementation of mortgage loan securitization.