The Study on the Risk of Mortgage Loan in China's Commercial Banks——The Lessons of the United States' Secondary Loan Crisis

April 2,2007 marked the beginning of the United States' secondary loan crisis,which was resulted from the bankruptcy protection of New Century Financial company,the second largest mortgage lending institution through America.On the effect of domino,the crisis had expanded throughout the global financial market till Aug 2007,which gained the attention from all fields of the whole world.The aim of this thesis is to conclude the method to prevent the secondary loan crisis and to submit personal advice for improving our country's housing mortgage loans market,on the basis of studying United States' subordinated bonds of the mortgage loan market and analyzing our country's status quo of the mortgage market.