住房抵押贷款证券化对于完善宏观调控,规避经营风险,提高经营效益都有重要意义。为此,笔者对住房抵押贷款证券化的作用、条件、途径作一些探讨,供参考。商业银行开展住房抵押贷款证券化的三点理由1、商业银行发展空间面临挑战。我国加入 WTO 后,中外合资银行、外商独资银行、中外合资公司、独资公司、保险公司的准入也成必然。但是,我国一些商业银行资本充足率和核心资本率按《巴塞尔协议》要求,尚有相当的差距。这使我国商业银行面临着严峻挑战。目前,我国商业银行在资金投向上除用于拆借市场外,多用 Securitization of housing mortgage loan is of great significance for improving macroeconomic regulation and control, avoiding operational risk and improving operating efficiency. To this end, the author of the mortgage-backed securitization of the role, conditions, ways to make some discussion for reference. Three reasons for commercial banks to carry out the mortgage-backed securitization 1. The development of commercial banks faces challenges. After China’s accession to the WTO, the access of Chinese-foreign joint-equity banks, wholly foreign-owned banks, Sino-foreign joint ventures, sole proprietorship companies and insurance companies is inevitable. However, according to the requirements of the “Basel Accord”, there is still a considerable gap between the capital adequacy ratio and the core capital ratio of some commercial banks in China. This makes our country’s commercial banks face severe challenges. At present, China’s commercial banks in addition to capital investment for the borrowing market, multi-purpose