European Mortgage Securitisation: A Valuer''''s Guide (Continued)

II. European MBS-Market Tracking issuances, the volume of the residential MBS market segment in the European Union may be esti- mated at 150 bn Euro, which represents approximately 3.5% of the total residential mortgage loan outstanding in the EU (end of 2001). In some European countries, outstanding RMBS are much more significant than the European average. RMBS volume ranges from 3.6% (UK), 7 and 8% (Spain and the Netherlands respectively) up to even 10% (Ireland) of the respective…