1. What is the research status of individual housing mortgage loan?
YonghengDeng used the option-based risk model to analyze the default and prepayment of personal housing mortgage. They point out that default is sensitive to the loan-to-value ratio at the beginning of loan issuance and the property value afterwards. Lisa studies the self-selection of fixed-rate and floating-rate mortgage loans by borrowers with different risk levels. Robret thinks that due to the heterogeneous risk characteristics of individuals, moral hazard is easy to occur in the current risk management of personal housing mortgage loans due to the incompleteness of contract design. The empirical research mainly focuses on the micro-characteristics of housing mortgage loan risk, the quantitative analysis of the model, the application of option theory in the risk management of personal housing mortgage loan and the interaction between the primary and secondary markets of personal housing mortgage loan. Domestic reasons and the development of the primary market of housing mortgage is not long, and the standards among commercial banks are still lack of consistency, coordination and empirical analysis. Therefore, most domestic studies are on risk characteristics, mortgage pricing and its prepayment risk, and housing mortgage securitization.
second, the development status of individual housing mortgage loan in China
abroad, the application option theory is used to study the default risk of individual housing mortgage loan. capozza is widely used in various regions and has a large sample of default loan data. It is found that whether the default event of individual housing mortgage loan will occur or not, transaction costs and emergencies play a very important role. Yonghengdeng used the option-based risk model to analyze the default and prepayment of personal housing mortgage. They point out that default is sensitive to the loan-to-value ratio at the beginning of loan issuance and the property value afterwards.
lisa studies the self-selection of fixed-rate and floating-rate mortgage loans by borrowers with different risk levels. Robret thinks that due to the heterogeneous risk characteristics of individuals, moral hazard is easy to occur in the current risk management of personal housing mortgage loans due to the incompleteness of contract design.
The empirical research mainly focuses on the micro-characteristics of housing mortgage loan risk, quantitative analysis of the model, the application of option theory in the risk management of personal housing mortgage loan and the interaction between the primary and secondary markets of personal housing mortgage loan. Domestic reasons and the development of the primary market of housing mortgage is not long, and the standards among commercial banks are still lack of consistency, coordination and empirical analysis. Therefore, most domestic studies are on risk characteristics, mortgage pricing and its prepayment risk, and housing mortgage securitization.
III. What are the points for the development status of bank housing mortgage loan business?
Just go to the People's Bank of China to make a copy. Personal credit information system will do. There are also procedures.