Reverse Mortgage - International Experience and Real-World Choices of Seven Countries on Housing Reverse Mortgages

Author: Fan Ziwen
Publisher:
Publish Date: 2006-08-01
Features: This book has the following characteristics: , the topic has significant practical relevance. With the advent of an aging society, China is facing increasingly severe elderly care crises. Although our government has taken multiple measures, as China remains a developing country with a large population base, rapid aging, and an "aging before getting rich" phenomenon, solving the elderly care issue still faces many challenges. Second, the content is rich and highly readable. Based on a thorough summary of the development experience and patterns of reverse mortgage in foreign countries, this book analyzes the historical background and theoretical foundation of reverse mortgage, explores the necessity, feasibility, significance, and main obstacles of introducing reverse mortgage into China, studies the organizational models and operational mechanisms that China should adopt to develop reverse mortgage, designs products, and establishes product pricing models for reverse mortgage using actuarial methods and option pricing methods, respectively. It also designs the path for developing reverse mortgage in China, providing relatively rich content and preliminarily establishing a basic framework for research and analysis of reverse mortgage. Third, it offers innovations in some aspects and holds certain theoretical value. China's existing mortgage products mainly include mortgage loans and pledge loans, but these are all positive mortgage loans, and there is still a lack of reverse mortgage products. Fourth, it conducts beneficial explorations in localizing reverse mortgage design in line with China's actual conditions. Reverse mortgage is a highly practical housing finance business. This book summarizes the development experience and patterns of reverse mortgage in foreign countries, analyzes the historical background and theoretical foundation of reverse mortgage, explores the necessity, feasibility, significance, and main obstacles of introducing reverse mortgage into China, studies the organizational models and operational mechanisms that China should adopt to develop reverse mortgage, designs products, establishes product pricing models for reverse mortgage using actuarial methods and option pricing methods, and conducts research on how to carry out risk management.