住房抵押贷款证券化最早产生于美国 ,后相继在英国、日本等国家获得了不同程度的发展。目前美国是住房抵押证券市场规模最大、发展也最成熟的国家。为推进我国住房抵押贷款证券化的起步与发展 ,借鉴西方国家的成功经验无疑是十分必要和有益的。本文拟通过对美、英、日三个国家 Mortgage-backed securitization was first produced in the United States, and subsequently obtained varying degrees of development in countries such as Britain and Japan. At present, the United States is the country with the largest and most developed housing mortgage securities market. In order to promote the start-up and development of China’s mortgage-backed securitization, it is undoubtedly necessary and beneficial to draw on the successful experience of western countries. This article intends to pass the United States, Britain, Japan three countries