Managing housing loan risk

Mortgage-backed securities

Recently, the Japanese government has discovered the benefits of securitisation as a risk management and funding tool. Coupled with the political movement to restructure the government agencies and its investment and loan (Zaito) programme, the government is encouraging the use of securitisation. At the forefront of this trend is the Government Housing Loan Corporation (GHLC), a 100% government-owned entity established in 1950 to support the housing market in Japan.

Historically, GH

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: