Mortgage-Backed Securitization: International Experience and Practice in China
Securitization, which began from MBS, is the most dynamic financial innovation in the world’s capital market since the 1970s. In more than 30 years, it’s preferred by lots of commercial banks. In America, Securitization accounted for half of the housing mortgaged loan and MBS reached 5.3 trillion U.S. dollars in the late 2003.
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