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金融创新是追求收益最大化的经济部门通过业务拓展或制度安排，使金融部门提供的服务与盈余／赤字单位偏好相匹配的创造性的变革和开发活动，涵盖了需求和供给两个方面。在创新的动态过程中，业务创新与制度创新互为促进，不可截然分开。房地产抵押贷款证券化是指住房抵押贷款的拥有者，以其拥有的抵押贷款为抵押，发行证券进行融资。以美国为代表的住房抵押贷款证券化发展的过程，充分体现了金融部门满足客观需要，追求自身利益的原则，亦是制度创新与业务创新共同作用，相互促进的过程
Financial innovation is a creative transformation and development activity pursued by the economic sector that maximizes returns through business expansion or institutional arrangements to match the services provided by the financial sector with the preferences of surplus / deficit units, covering both demand and supply. In the dynamic process of innovation, business innovation and system innovation promote each other, can not be separated. Real estate mortgage loan Securitization refers to the owner of a home mortgage loan, which is secured by the mortgage loan it owns and issues securities for financing. The development of the mortgage-backed securitization, represented by the United States, fully embodies the principle that the financial sector meets the objective needs and pursues its own interests. It is also a process in which the institutional innovation and business innovation interact and promote each other