The CML has today published its formal Mortgage Market Review response, as well as a separate detailed report on the outlook for mortgage funding in the UK between 2010 and 2015. The trade body has argued that with some of its proposals the regulator is overreacting without evidence to justify their actions. It cites the requirement for income verification and the resulting ban on fast-track as an example of the FSA’s overreaction.
CML calls for focus on mortgage funding
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