Mortgage insurance (MI), is the insurance which a insurer guarantees that it will pay a certain portion of top tier mortgage loss to financial institution (insured) when the debtor defaults. Because the insurer shares the decreasing risk of collateral value, the bank is willing to lend homebuyer more money. The homebuyer can use low down payment (3%-10% in American) to buy a house so that he can shorten the waiting time of saving enough down payment. By this mechanism, the homebuyer, financial institution and house market all can benefit. Besides, mortgage insurance has the credit enhancement function in second mortgage market, and it helps the real estate securitization.
The goal of this thesis is to introduce the mechanism of mortgage insurance in American and to analyze how it works in Taiwan. After estimating the need in Taiwan, I present some suggestions and I hope that mortgage insurance is available in Taiwan as soon as possible so that young people and earthquake 921 sufferers can make their owing house dream come true earlier.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0710100-153333 |
| Date | 10 July 2000 |
| Creators | Lai, I_Fei |
| Contributors | none, none, none |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0710100-153333 |
| Rights | unrestricted, Copyright information available at source archive |
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