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More than half of mortgage loans made between 2005 and 2009 would not have been granted if FSA proposals on responsible lending had already been in place, according to the Council of Mortgage Lenders (CML).
Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.
AMI has warned gross mortgage lending for 2010 may fall short of its previous £150bn estimation.
Other News - Trade Bodies articles
The FSA's Mortgage Market Review must not contain reactionary regulatory intervention, according to the Building Societies Association (BSA).
The Association of Financial Mutuals will be launched on 1 January 2010.
Gross lending in the buy-to-let mortgage market grew in Q3 for the first time in two years, according to CML figures.
The CII has elected to freeze membership subscriptions at 2008 levels until at least the end of 2010, in consideration of the economic downturn.
Net lending could fall as low as minus £25bn next year as consumers repaying existing mortgage debt outweigh those purchasing a property, the Council of Mortgage Lenders (CML) says.
The Council of Mortgage Lenders (CML) has written to the Government to ask its views on a possible reform of the state safety net for borrowers.
THE buy-to-let sector may be in danger of running out of steam, according to the results of a survey conducted by the Royal Institution of Chartered Surveyors (Rics).
Investors are largely responsible for the current health of the buy-to-let lending market, according to property investment firm Assetz.
Repossessions in Britain during 2007 reached 27,100, the highest level since 1999, new research from the Council of Mortgage Lenders (CML) reveals.
The Association of Mortgage Intermediaries (AMI) has moved to point out the good work of the “vast majority” of mortgage advisers after the FSA today criticised some firms for failing to treat their customers fairly.
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