按揭

In the second phase, the HKMC securitises the mortgages into Mortgage Backed Securities ( MBS) and offers them for sale to investors.

到第二阶段，按揭证券公司把按揭贷款证券化，然后把按揭证券售予投资�

Eligible applicants are offered an interest-free loan or a monthly subsidy to acquire their own homes. They were in arrears with their mortgage, so their home was repossessed.

合资格的申请人可以获得免息贷款或每月领取按揭还款补助金，购置居所。他们未按时还按揭贷款，所以房子被收回了。

Meanwhile, the author analyses the change of legal relation among mortgage, and gives some proposals about establishment of security interest, and realization of mortgage right from legislation.

同时，笔者对按揭法律关系的变动作了理论分析，并且对按揭担保物权的设定、按揭权的实现等各方面提出了一些立法建议。