A Discussion on Development of China’s Housing Mortgage-backed Securitization and American Experiences

China’s real estate market develops fast. And the demand for housing mortgage is increasing at the same time. However, because of its long period and poor liquidity, the increasing personal housing mortgage will inevitably add more risks for commercial banks in their asset-debt management. It is a must to apply the housing mortgage-backed securitization. This paper discusses the development of China’s housing mortgage-backed securitization and analyzes the case in America, researching its official activities and its successful experiences, with the hope of providing with useful references for China’s coming housing mortgage-backed securitization