DMFCO Asset Management

A significant portion of Dutch mortgages benefit from backing by NHG, a government-run guarantee scheme that protects lenders and borrowers against losses. This makes them an ideal instrument for capital optimization.   The combination of: ✅ Government backing ✅ Attractive returns ✅ Favorable regulatory capital treatment makes NHG mortgages very suitable for balance sheet optimization.   By directly investing in NHG-backed mortgages with DMFCO, banks can readily get access to this asset class in a capital efficient way.   Curious to learn more? Check the link below.

Collega Evelien V. spreekt met Harry Geels over de rol van Nederlandse hypotheken in het nieuwe pensioenstelsel. Evelien: “In de gesprekken die wij voeren met pensioenfondsen horen we over het algemeen dat allocaties naar hypotheken gelijk blijven of hoger worden.” Evelien zal meer inzichten delen op het pensioenfondscongres van Financial Investigator op 24 maart in Amsterdam, waar ze ook zal ingaan op de verschillen tussen een allocatie aan een beschermings- of rendementsportefeuille en relevante thema’s onder de WTP, zoals de behoefte aan een dagelijkse waardering en liquiditeit. Hopelijk tot dan!

𝐎𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 𝐢𝐬 𝐧𝐨𝐰 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞! The Dutch economy continued its growth trajectory in the fourth quarter of 2024, driven by a tight labour market and rising wages, which supported consumer spending. While inflation remained elevated, early 2025 data indicates signs of easing.                               The housing market remained highly active, with transaction volumes reaching their highest level in two years, partly due to the ongoing sell-off of former rental properties. First-time buyers played a key role, with 25- to 35-year-olds accounting for 46% of total transactions—the highest share for this age group in over three years. House prices stabilised in the fourth quarter but are expected to rise further in 2025, albeit at a more moderate pace than in 2024.                                                                                                                                    𝘞𝘢𝘯𝘵 𝘵𝘰 𝘳𝘦𝘢𝘥 𝘮𝘰𝘳𝘦? 𝘊𝘭𝘪𝘤𝘬 𝘰𝘯 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 ⬇️

𝐎𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 𝐢𝐬 𝐧𝐨𝐰 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞! The Dutch economy continued its growth trajectory in the fourth quarter of 2024, driven by a tight labour market and rising wages, which supported consumer spending. While inflation remained elevated, early 2025 data indicates signs of easing.                               The housing market remained highly active, with transaction volumes reaching their highest level in two years, partly due to the ongoing sell-off of former rental properties. First-time buyers played a key role, with 25- to 35-year-olds accounting for 46% of total transactions—the highest share for this age group in over three years. House prices stabilised in the fourth quarter but are expected to rise further in 2025, albeit at a more moderate pace than in 2024.                                                                                                                                    𝘞𝘢𝘯𝘵 𝘵𝘰 𝘳𝘦𝘢𝘥 𝘮𝘰𝘳𝘦? 𝘊𝘭𝘪𝘤𝘬 𝘰𝘯 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 ⬇️

As the year winds down and we get ready for the festive season, Jan-Jaap Meindersma reflects on what 2024 has brought us - and where we are headed in 2025.

Our latest Quarterly Update is now available!   The Dutch housing and mortgage market recorded exceptionally high volumes in the third quarter of 2024, showing significant growth compared to the same period last year. Higher wages, combined with falling mortgage rates, are increasing borrowing capacity and intensifying competition. These factors are driving housing transactions and prices upwards. These developments are driven by favourable macroeconomic trends. Economic growth in the Netherlands is picking up (+0.8%) despite inflation rising slightly to 3.6%, well above the eurozone average of 1.7%. Key indicators such as consumer spending and employment remain strong, with a tight labour market driving further wage growth.                                                             Want to read more? Click on the link ⬇️

Pensioen Pro blikt terug op de sterke groei van hypotheekbeleggingen onder Nederlandse pensioenfondsen in de afgelopen 10 jaar. Een groei die waarschijnlijk blijft aanhouden. "De belegging heeft zich de afgelopen jaren bewezen, als goed alternatief voor staats- en bedrijfspapier”, zegt DMFCO-directeur Rogier van der Hijden. "Hypotheken sluiten aan bij ESG-doelstellingen van pensioenfondsen en hun behoefte meer te beleggen in Nederland."

Homeowners can make unscheduled repayments at any time. This feature of mortgage loans comes with a prepayment risk for investors. How big is this risk? And how can it be managed effectively? As prepayment risk becomes more relevant in times of increasing interest rate volatility, we have developed a quantitative model to gain insight into the prepayment behavior of Dutch households. Evelien V. & Florian Miedema present the methodology and key assumptions used. #mortgages #longterm #financialmodelling

Our latest Quarterly Update is now available! Economic growth in the Netherlands is picking up as inflation is reducing. Amid the cautious monetary policy of the ECB, key economic indicators, including unemployment and consumer spending, remain robust.   These positive developments are also reflected in the Dutch housing and mortgage markets. Higher wages combined with relatively stable mortgage rates allow households to borrow more.   As a result, the number of mortgage applications and housing transactions continues to rise. Increased consumer demand coupled with limited supply continues to push up house prices. Want to read more? Click on the link below:

Our latest Quarterly Update is now available! Economic growth in the Netherlands is picking up as inflation is reducing. Amid the cautious monetary policy of the ECB, key economic indicators, including unemployment and consumer spending, remain robust.   These positive developments are also reflected in the Dutch housing and mortgage markets. Higher wages combined with relatively stable mortgage rates allow households to borrow more.   As a result, the number of mortgage applications and housing transactions continues to rise. Increased consumer demand coupled with limited supply continues to push up house prices. Want to read more? Click on the link below: