주택저당채권 유동화를 위한 자산운용방안

• 영문명: A Study on The Plan of Asset Management for Mortgage Backed Security
• 발행기관: 한국주거환경학회
• 저자명: 최지웅(Choi Ji-Woong) 임동호(Yim Dong-Ho)
• 간행물 정보: 『주거환경(한국주거환경학회논문집)』住居環境 제4권 제2호 (통권 제6호), 75~90쪽, 전체 16쪽
• 주제분류: 사회과학 > 지역개발
• 파일형태: PDF
• 발행일자: 2006.12.01

영문 초록

  On the basis of the year 2000, the rapidly increasing household loans in Korea now amount to about 600 trillion won as of the end of September, 2006. Among these, the balance of home mortgage loan recorded about 207 trillion won, clearly indicating that it neared the dangerous level that could significantly damage to housing finance as well as the overall national economy. In response to this, the government established Korea Housing Finance Cooperation (KHFC) in 2004, following the foundation of Komoco in 1999. It is intended to mitigate negative impact on commercial banks caused by bad mortgage loan, and to build sound macro economy. However, up until now, the performance of securitization of home mortgage loan (incl. Komoco) of KHFC failed to attract investors" attention with its low returns so it takes up little in the whole ABS market. Thus, it has a fundamental problem that it can"t respond to negative equity which may be exploded due to bad home mortgage loan when economic changes occur abruptly. Therefore, the study is intended to identify the problem of increasing negative equity that can be shown as a limit of existing securitization of home mortgage loan and to seek new ways for fund management to facilitate investors" participation in the securitization of home mortgage loan through SPC.

목차

Abstract
Ⅰ. 머리말
Ⅱ. 주택저당채권 유동화에 의한 자산운용 구조
Ⅲ. 주택저당채권시장의 현황 및 문제점
Ⅳ. 주택저당채권의 유동화를 위한 자산운용 방안
Ⅴ. 결론
참고 문헌

키워드

Mortgage Loan Negative Equity Securitization SPC