The mortgage company has announced that it would be providing better opportunities for prospective home-owners to own homes as it seeks to diversify its sources of financing homes.Ghana Home Loans, the nation’s leading provider of residential mortgages, says it wants to play a pioneering role in the creation of a local mortgage backed securities market.This was contained in a release issued by the company.The company would be doing this by creating a local market through what is known as Mortgage Backed Securitisation (MBS).Securitisation refers to the process by which an issuer, such as Ghana Home Loans, raises funds by offering securities to investors, using a pool of future receivables as collateral.One type of securitisation is a Mortgage Backed Securitisation (MBS). It is the issuance of securities that are collateralised by future mortgage payments. The monthly mortgages payments made by homeowners are put together by the issuer and used to pay investors in the MBS for a pre-agreed duration.MBS can be compared to raising funds through shares to several investors and paying dividends to the investor after a set time instead of a company raising capital on its own.Investors in this asset class are typically pension funds, insurance companies, High Net Worth Individuals, and other institutions with long term investment horizons and an ability to assess the credit quality of the issuance.Mortgage backed securities allows issuers to diversify their financing sources, by offering alternatives to more traditional forms of debt and equity financing. In the US alone, the mortgaged backed securities market is valued in excess of $8.5 trillion.Ghana Home Loans will organise a stakeholders’ seminar in Accra later this month to finalise its preparations towards the issuance of the first set of mortgage backed securities.In attendance shall be representatives from regulatory bodies, international investment banks and law firms, pension fund managers, regulators and accounting firms.