Funding the real economy & securing an affordable and sustainable future for citizens
About Us
The European Mortgage Federation - European Covered Bond Council (EMF-ECBC) is the voice of EU mortgage lenders and the international covered bond community in discussions with the European Institutions and stakeholders in general on all issues relating to the retail and funding sides of the mortgage business. The overarching aim of the EMF-ECBC is to ensure a sustainable housing finance environment for EU citizens.
The EMF-ECBC supports the European economy and facilitates access to capital markets by promoting long-term funding and mortgage origination techniques. This is achieved through the provision of an intelligence platform where initiatives are debated, legislative proposals are discussed and best practices are exchanged with a view to adopting common positions. The EMF-ECBC provides the market and stakeholders with unique and timely legal, economic, statistical and research information. The EMF-ECBC also serves as a think-tank and incubator for the mortgage industry, offering an environment in which new ideas are born and market-led initiatives can be developed
20th Edition of the European Covered Bond Fact Book (2025)
In addition to updates on key market fundamentals and detailed country chapters, this “jubilee” edition offers an in-depth exploration of the major themes of the year, including the EBA Call for Advice, covered bonds as financing instruments for the green and social transition, European Secured Notes (ESNs), innovation in the covered bond space, investor dynamics, and a global perspective on the covered bond market. With covered bonds showing steady growth for the seventh consecutive year, the Fact Book remains an essential reference for all stakeholders in the covered bond and mortgage finance sector.
EMF Members
The EMF has 13 Full Members across 11 EU Member States and a number of Observer Members from within Europe and further afield. To find out more about the benefits of and conditions for EMF membership, please contact us here!
ECBC Members
The ECBC has over 120 members from across more than 30 active covered bond jurisdictions around the world, representing over 95% of all covered bonds outstanding. ECBC members include covered bond issuers, analysts, investment bankers, rating agencies, law firms, system providers and other interested stakeholders. To find out more about the benefits of and conditions for ECBC membership, please contact us here!
Market Initiatives
The EMF-ECBC serves as a think-tank and incubator for the mortgage industry, offering an environment in which new ideas are born and market-led initiatives can be developed. Find out more about our current initiatives below.
Publication of the 2025 Hypostat
The European Mortgage Federation (EMF) is pleased to announce the publication of the Hypostat, the EMF-ECBC’s annual statistical publication combining all encompassing data on the latest developments in the mortgage and housing markets in Europe and beyond. The 2025 edition (covering data until end 2024) presents data and analyses for 31 European countries (the EU27 plus Iceland, Norway, Switzerland and the United Kingdom), as well as data from nine additional countries further afield (Australia, Canada, Brazil, Japan, Russia, Singapore, South Korea, Turkey and the United States of America).
Press Releases
Stay informed with the latest developments from EMF-ECBC. Our press releases provide authoritative updates on key milestones, market insights, policy developments, and strategic partnerships shaping the European mortgage and covered bond landscape.
Our Next Event
The EMF-ECBC organises a number of high-level industry focused discussion, networking and educational events throughout the year, bringing together core stakeholders - including issuers, investors, regulators, analysts, and policymakers – from around the world. Explore our upcoming events and find everything you need in one place: programmes, speaker line-ups, registration details, and more.
