住房抵押贷款证券化(MBS)既是20世纪70年代以来最重要的国际金融创新之一,也是房地产创新的动力,目前其已成为国外主要发达国家构筑住房金融二级市场的主要途径。本文从住房抵押贷款证券化的概念入手,论述了住房贷款抵押业务的经济功能,并提出了发展住房抵押贷款证券化的发展方向。 MBS is not only one of the most important international financial innovations since the 1970s, but also the driving force of real estate innovation. At present, it has become the main way for major developed countries to build a secondary market for housing finance. Starting with the concept of securitization of housing mortgage loan, this paper discusses the economic function of mortgage loan business and puts forward the developing direction of developing securitization of housing mortgage loan.