The Subject Diversification and Government's Roles in the Housing Reverse Mortgage Model
The housing reverse mortgage insurance is a new type of pension insurance with dual nature of insur-ance and mortgage.And in the insurance legal relationship,the insurance company has the triple identity of insur-er,lender and mortgage.The unity of the legal relationship between insurance and mortgage lending leads to the o-verlapping of risks.So it is necessary to reconstruct the self-supporting subject model of housing reverse mortgage,which transforms the basic legal relationship from insurance contracts to mortgage and loan contracts,so as to re-solve the risks of both parties in the housing reverse mortgage.It is suggested to change the housing reverse mort-gage model involving only two parties into the"loan and insurance"model involving multiple parties,in which the commercial bank as the main body of the housing reverse mortgage,provides loans to borrowers;the insurance com-pany provides insurance for both parties to the housing reverse mortgage;and the government plays a normative and guiding role in supervision and policy-making,and adopts financial regulation and tax incentives as support.
Housing Reverse MortgageSubject Model"Loan and Insurance"Multiple SubjectsGovernment's Roles
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