The European Commission has published two expert reports on the issues of mortgage funding and consumer protection. First, the Mortgage Funding Expert Group’s report reviews all barriers to the emergence of an efficient and competitive pan-European mortgage funding market. This report proposes market-driven solutions to remove existing obstacles, and concludes that although European mortgage funding markets are already relatively competitive and efficient, targeted measures at national or EU level could further improve their operation. The second report entitled “Mortgage Industry and Consumer Dialogue” explores four key consumer protection issues, namely pre-contractual information, advice, early repayment and the annual percentage rate of charge. The Commission invites comments by 15 February 2007.