房产抵押债券对美国房地产市场的成熟和发展起了巨大的推动作用。在金融危机后期,美联储采取了新型的量化宽松货币政策,运用房产抵押债券的回购业务对经济进行调控并逐渐取得了预期的成果,美国经济稳步复苏。本文试图全面解析美国房产抵押债券并阐述对中国的借鉴意义。 Real estate mortgage bonds have played a huge role in promoting the maturity and development of the U.S. real estate market. In the latter part of the financial crisis, the United States adopted a new type of quantitative easing monetary policy, using the real estate mortgage-backed repo operations to regulate the economy and gradually achieved the expected results. The U.S. economy recovered steadily. This article attempts to fully analyze the United States real estate mortgage bonds and expound China’s reference.