Speculations about Housing Mortgage Loan Business of Commercial Banks in China under the Background of Sub-prime Mortgage Crisis

In 2007,the sub-prime mortgage crisis which burst out in the United States shocked its financial world and even reshuffled all the sectors.A large number of commercial banks and investment banks have been affected.When it comes to housing mortgage loan,commercial banks in both China and the USA share the same risks,such as the credit risk growing noticeable and the lending institutions underestimating the risks of housing mortgage loan.Therefore,and the author puts forward suggestions that financial institutions learn from the crisis,operate with great prudence,strengthen risk management and accelerate the process of mortgage-backed securitization.