在住房反抵押实施的过程中存在着的诸多风险,如房价波动风险、长寿风险和利率风险,文章认为房价波动风险是最重要的风险之一。因而文章以房价波动风险为研究对象,首先定量分析了房价波动对金融机构及借款者双方的不利影响;接着对房价波动风险进行评估,认为该风险属于高概率高损失的风险;最后在上述分析的基础上提出相应风险管理措施。 In the implementation of housing anti-mortgage there are many risks, such as housing price volatility risk, longevity risk and interest rate risk, the article believes that the price volatility risk is one of the most important risks. Therefore, the article takes the risk of house price fluctuation as the research object, firstly, it quantitatively analyzes the adverse effects of house price fluctuation on both financial institutions and borrowers; then, it evaluates the risk of house price fluctuation as the risk of high probability and high loss; finally, in the above analysis Based on the proposed risk management measures.