Space in the U.K. RMBS market is getting more cramped than the halls of last week's Global ABS conference held in Barcelona. However, panelists said, there is ample room for growth - in the U.K. as well as in other European ABS markets - just as long as lenders can continue to get borrowers to make their payments.

The Monday morning discussion on the outlook for European nonconforming residential mortgage-backeds focused primarily on U.K. RMBS. The panel, composed of representatives from four banks and one investment firm, shared concerns about the growing number of lenders and the slowing housing market, both potentially detrimental to RMBS.

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