【作者】 谢一；

【导师】 林元辉；

【作者基本信息】 广西大学 ， 金融学， 2001， 硕士

【摘要】 我国房地产市场潜力较大，扩大住房有效需求，进一步培育住房市场，发 展和深化住房金融业务，必须通过新的金融创新来实现，而证券化则为解决这 些问题提供了较为理想的金融工具。随着宏观环境的改善和抵押贷款的发展， 在我国实施住房抵押贷款证券化有其必要性和可行性，推行住房抵押贷款证券化势在必行。但是我们也必须看到，住房抵押贷款证券化在中国是新生事物，其生存环境和配套政策还不完善，如何克服这些不利因素，很好地推行住房抵押贷款证券化，是我们要研究的问题。 在本文中，作者认为，应该根据我国国情，有步骤的、有规划的实施住房抵押贷款证券化。这篇论文分为五个部分，第一章导言主要讲述了实施住房抵押贷款证券化的由来、研究意义以及论文的构思。第二章住房抵押贷款证券化的理论结构，主要论述了住房抵押贷款证券化的含义、目的和实质、需要的基础、面临的风险、使用的主要金融工具以及对经济的促动作用。第三章借鉴了 国外住房抵押贷款证券化的操作实践。第四章通过分析在我国实施住房抵押贷款证券化的必要性和可行性，并结合其开展现状，提出具体操作步骤设想，并 对无提前还贷和提前还贷两种情况下的收入流作了分析。本文的最后一章第五 章论述了椎行的障碍和对策，以求能为理论研究和实际工作提供一些有参考价 值的建议。更多还原

【Abstract】 In our country, initiate innovations are needed for the market potentiality of realestate, explosive expand in house requirement, further improvement in house markeand to develop and reinforce the housing finane, and so moftgage-backed securitiesHided a ideal tool for resolving the problem for those. It is necessary and worableto applying the mortgage securities to propel housing innovaion, although what weare should be attention to the necessary mortgage environment and it’s policy are notcompletely fostered. How to overcome the above disadvantae and how to force theinnovaion in the area of mortgage+acked securities are what we should research andresolve.In the issue, the authr believes to force the innovation should be step by stepwith scheme according to actal situaion in our country. The issue divided into fiveparts. The fifSt chapter is ithedwtion. The sununny concept and origin of themortgage-backed securities are presented in this pard. The basic principle’sframnework of the mortgage-backed securities is the second chapter and it includesconnotation, purpose, and essence of the mortgage-backed securities. The neededbase for it, the risk what it will face, the mainly finance tool and the hation to forcethe economy are all represented in the second chapter. A foreign practical operationhas been illustrated in the third chapter. In the next chapter, it has analyzed thenccessity and wohable of mortgage-backed securities incorporating the real conditionof our counny and expound a design of pratical operation in our counny, and in theend of the chapter it also anaiyzed the incoming result unfor two conditions:reimbursement in ahead of time, non-reimbursement in time. In the last chaper, theissue discussed the obstacle and the related policy with the intention to make somevaluable suggestion for academic and practical work.更多还原