About Us

European Mortgage Federation: OVER 50 years of funding the real economy

Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry on the retail side of the business, representing the interests of mortgage lenders at European level.

The overarching aim of the EMF is to ensure a sustainable housing environment for European Union (EU) citizens. To this end, we are the key talking partner of the European Commission, the European Parliament, the Council of the EU, the European Banking Authority, the European Central Bank and the Basel Committee on Banking Supervision on all mortgage industry-related questions.

In pursuing our aim, we:

Provide data and information on European mortgage markets, which were worth over 9 trillion EUR at the end of 2023 (EU27 + UK, Norway and Iceland)

Encourage the exchange of information and best practices.

Provide up-to-the-minute specialist insight into legal, economic, funding and market-related developments;

Respond to the EU institutions’ consultations via specialised position papers; and

collate and publish in-depth studies and comprehensive EU-wide statistics.

Currently, the EMF has 13 Full Members across 11 EU Member States as well as a number of Observer Members. EMF MEMBERS

EUROPEAN COVERED BOND COUNCIL

The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of other interested stakeholders.
The purpose of the ECBC is to represent and promote the interests of covered bond market participants at the international level. The ECBC’s main objective is to be the point of reference for matters regarding the covered bond industry and operate as a think-tank, as well as a lobbying and networking platform for covered bond market participants.

Chairman

The EMF Chair(wo)man is nominated from amongst the members of the EMF Executive Committee for a term of two years. The EMF Chair(wo)man represents the EMF in external events.

Roberto Colomer Blasco is a member of the Board of Directors of the Asociacion Hipotecaria Española (Spanish Mortgage Association), which he represents vis-à-vis the EMF, where he was Deputy Chairman from 2020-2022.

Roberto’s mandate as EMF Chairman is due to end on 31 December 2024.

Executive Committee

The EMF Executive Committee, headed by the EMF Chair(wo)man, and composed of representatives of the national mortgage markets covered by EMF Full Members is responsible for overseeing the day-to-day activities of the EMF. The Committee convenes twice a year and addresses strategy related questions. Furthermore, it coordinates the agenda of the various EMF technical committees (see following tabs).

Chairman: Mr Roberto Colomer Blasco, Spanish Mortgage Association

ECONOMIC AFFAIRS COMMITTEE (EAC)

The Economic Affairs Committee (EAC) is chaired by Peter Jayaswal from the Finance Denmark. The EAC examines all prudential issues with a relevance for mortgage credit. Key issues under discussion include the completion of Basel III framework, the implementation of CRR II and CRD V, the EU Legislative Framework on Non-Performing Loans, the Sustainable Agenda and Macroprudential Policies in the Real-Estate Sector.

chairman: MR Peter Jayaswal, Finance Denmark

LEGAL AFFAIRS COMMITTEE (LAC)

The Legal Affairs Committee (LAC) is chaired by Francesca Santilli from the Italian Banking Association (ABI). The LAC focuses on all retail and consumer protection issues relating to EU mortgage markets. Key issues under discussion are the Review of the Mortgage Credit Directive (MCD), the Retail Financial Services Action Plan, together with Sustainability and Digitalisation.

chairwoman: MS FRANCESCA SANTILLI, ITALIAN BANKING ASSOCIATION

RESEARCH & DATA COMMITTEE

The Research & Data Committee is chaired by Gyula Nagy from Takarék Mortgage Bank Plc. (Hungary). The Committee focuses on statistics and research on the EU’s housing and mortgage markets, and the issues affecting or relating to them, including demographic evolution, the profile of first-time buyers, housing supply challenges, private rental market dynamics, housing affordability etc., as well as on broader macroeconomic conditions. The Committee is responsible for the preparation of the EMF’s flagship statistical publication, Hypostat, and the Quarterly Review.

chairman: MR Gyula Nagy, MBH Mortgage Bank Co.plc. (Hungary)

VALUATION COMMITTEE

The Valuation Committee (VALCOM) is chaired by Annett Wünsche from the vdp (The German Pfandbrief Banks). The VALCOM focuses on the valuation of property for lending purposes and on the exchange of best practice in this area. Key issues under discussion include the Review of the MCD, the completion of Basel framework, technology, including AVMs and blockchain, valuer independence and “green value”. The Valuation Committee maintains close and regular contacts with relevant stakeholders, including TEGoVA & RICS.

chairwoman: MS ANNETT WÜNSCHE, vdp (GERMANY)

Recruitment

VACANCIES AT EMF-ECBC

(please find all of the details on the “Recruitment” page - link at foot of this page)