Research on Delinquency Risk Identification and Management of Housing Mortgage Loan: Empirical Evidence from borrower's Education Perspective

The housing mortgage market has always focused on the level of the borrower's education, but the research on the relationship between the education and the borrower's behavior is relatively insufficient. Based on the repayment data of housing provident fund loans in a key city from 2005 to 2014, and from the dimensions of overall impact, passive overdue, active overdue, age effect, etc., this paper constructs Cox proportional hazards model and conducts a systematic empirical test on the relationship between higher education and delinquency behavior. The results show that in the process of repayment of housing mortgage loans, the credit level of highly educated borrowers is relatively better, the probability of passive overdue and active overdue behaviors of highly educated groups is relatively low. And this rule is more obvious among young borrowers. Commercial banks, housing provident fund centers and other (quasi-) financial institutions can make full use of the education signal in the identification of borrower credit process, further strengthen the housing mortgage risk prevention and control, better match the supply and demand of financial services and improve the security of creditors' funds and the financial availability of trusted parties.