In recent years, housing mortgage loan has become one of the important factors to promote housing reform and boost housing market. With the growth of housing mortgage loan balance, its proportion in the whole loan balance and in GDP becomes bigger and bigger. Housing mortgage loan has had a profound impact on residents’living as well as national economy. So, studying the developing process of housing mortgage loan, analyzing the affecting factors and pointing out the problems in developing process are meaningful to banks’ healthy development as well as national economic moderate growth and residents’ rational purchase of this financial product.
Due to Chinese housing reform and increasing house demand, these years have witnessed great development of residential mortgage since1998. The data show that the average annual growth rate reaches 40% from 1998 to 2011, much higher than that of all RMB loan in financial institutions. Besides, up to 2011 the mortgage balance has attained as much as RMB 88000 billion. As a crucial Part of banking transactions, residential mortgage assists in diversifying bank transactions, increasing bank Profit and lowering bank risks. However, residential mortgage is vulnerable to the fluctuation of house price and finance market, which will induce risks to the whole banking. Therefore, in carrying on residential mortgage, how to guard against or reduce risks, especially the market risk, in of crucial significance to banks.
Korea household debt crisis is focused on. Above all, the process of mortgage securitization is introduced, then, the reason and impact of household debt is analyzed, finally, what should be attended on the development of housing mortgage loan in our country is put forward according to the experience of Korea household deb crisis.