The dynamic development of the mortgage market, especially in the period before the current financial crisis, revealed … that within the EU there are local mortgage credit markets and that it is necessary to harmonize the rules of the system … and consumer protection within the Community. The intention of the creators of the Mortgage Credit Directive was to …

Since the housing bust and financial crisis, mortgage lenders have introduced progressively higher minimum thresholds … mortgage credit reduced delinquency on both mortgage and non-mortgage debt and increased their propensity to take out auto …