PT - JOURNAL ARTICLE AU - Alastair Bigley TI - U.S. and European RMBS: <em>Healthy Competition?</em> AID - 10.3905/jsf.2011.17.2.126 DP - 2011 Jul 31 TA - The Journal of Structured Finance PG - 126--129 VI - 17 IP - 2 4099 - https://pm-research.com/content/17/2/126.short 4100 - https://pm-research.com/content/17/2/126.full AB - In this article, the author examines the reasons why the European market—in particular the U.K. market—appear to be in good health while the U.S. private-label market looks as though it is struggling to get out of the blocks. Owing to the vastly different structures of the mortgage markets (and how they are financed) in the U.S. and Europe, it is not easy to draw definite conclusions. However, the attractiveness of U.K. RMBS helps explain in part why the private-label market in the U.S. has not taken off as some would have expected.TOPICS: MBS and residential mortgage loans, CMBS and commercial mortgage loans