European Mortgage Federation

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Founded in 1967, the European Mortgage Federation represents the interests of mortgage lenders at EU level on both the retail and lending side. It groups national associations and individual lenders from amongst the EU 25 and the Accession Countries. Together, its members grant over 75% of residential and commercial mortgage loans in Europe. Mortgage lending is a growth industry. The volume of mortgage loans outstanding has more than doubled in nominal terms since 1996 and exceeded €5.1 trillion at the end of 2005, an 11% increase on the previous year. The Federation is the key-talking partner of the European Commission, the European Parliament, the Committee of European Banking Supervisors, the European Central Bank and the Basel Committee on all questions relating to the mortgage industry.