Opinion Paper concerning the Council for Social Infrastructure Report

JBA drafted an opinion paper concerning the report titled "Desired Institutional Framework in Light of the New Housing Policy" of the Council for Social Infrastructure in the Business Committee on August 8 and submitted it to the Housing Bureau of the Ministry of Land, Infrastructure and Transportation on August 12.

With regard to the role of the new independent administrative corporation to replace the Housing Loan Corporation, JBA requests a clear written presentation on the basic philosophy of "Let the private sector do what the private sector can do" and also the policy of fading out the securitization-support-business of the new independent administrative corporation once private financial institutions can sufficiently provide long-term, fixed-rate housing loans. The paper also requests that the issue of including the refunding of loans in securitized loans dealt by the new independent administrative corporation be carefully deliberated.