Brokers reject FSA recommendations

November 2009
Mortgage Strategy;11/2/2009, p4
Trade Publication
The article focuses on the results of the opinion poll by "Mortgage Strategy Online" on the Mortgage Market Review (MMR) of the Financial Services Authority (FSA) in Great Britain. It states that the MMR proposes a ban on self-cert, a cap on the potential capital that corresponds on the sum of equity that can be taken from assets and that lenders should be responsible for borrowers' affordability. The poll reveals that 27% of brokers' are in favour of the MMR propositions and 73% are not.


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