The Future Market of Mortgage Backed Securities in Japan

Abstract

Securitization market is most rapidly growing segment of the U.S capital markets.
The market was formed by the organization called GSE (s), such as Fannie Mae and Ginnie Mae, and its history is over thirty years.
Mortgage backed securitization market is getting matured in our country, nevertheless it will be growing rapidly, because the Government Housing Loan Corporation (GHLC) would issue their MBS steady and continuously.
However it is important that we shall pursue original securitization model as there are lots of differences in the custom and business system between U.S and Japan. For example, the customers could apply loss mitigation plan when they have difficulties to repay with the securitization model of GHLC.
Japanese MBS market is still immature; hence, we need more time to develop the infrastructure for securitization, which is well behind of the U. S.