Recent developments in mortgage lending in the EU and some tentative reflections on its positioning in the financial structur
SUERF - The European Money and Finance Forum
Download Document| Date Published | 2012 |
| Version | |
| Primary Author | Jesper Berg |
| Other Authors | Christian Sinding Bentzen, Morten Bækmand Nielsen, Henrik Schönemann |
| Theme | Funding Housing Finance |
| Country |
Abstract
This paper reviews developments in mortgage lending in the EU, including the assessment of covered bonds – a major source of finance for mortgages – by rating agencies. Mortgage models in the EU come in many different varieties reflecting that EU legislation allows a diversity of models. The different mortgage models are assessed against four criteria and in a structural context. It is possible to draw some tentative conclusions as to the relative performance of mortgage models.