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「Reverse Mortgage」is a new type of mortgage in financial industry currently. This study utilized the relevant literature of the United States, Britain, Australia, Singapore, China and Japan, hoping to find a proposal to meet Taiwanese culture.On the other hand, Taiwanese financial institutions design「Reverse Mortgage」by themselves, but Taiwan government doesn’t restrict or supervise on it. Which means both borrowers and financial institutions are lack of protection. The development of regulatory system is involved in legal aspect, which is not covered by this paper.
This study aims to find a new position for financial industry in the elder economy. When bank is a fund supplier, risk of uncertain value of the collateral endangers the financial institutions. When financial industry plays the role of a mediator, the risk of the borrower′s loan will be transferred to the insurance company, but financial industry still has to worry about the maintenance of the collateral. When financial industry is the buyer of option, the seller can still live in the original house until the end of their life or the end of the contract. In the meantime, financial industry benefits social welfare as well. When the scale of loan has grown large enough, financial industry could be the supplier of real estate market. Through the issuance of asset securitization, they can ensure the liquidity of cash flow.
This study considers that financial institutions should take advantage of the chance of elder retirement in the future, keep developing financial products which are closer to economic needs of person and society. Figure out their own blue ocean strategy. Prevent from submerged in this fast-moving world trend. | en_US |