FSA knows MMR will cause house price falls, says CML’s Coogan

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Council of Mortgage Lenders (CML) director general Michael Coogan has claimed that the FSA itself has already conceded in its impact assessment of its Mortgage Market Review (MMR) proposals that its new regime, if implemented, would cause house price falls.

The CML says this highlights one of many unintended consequences of the FSA’s “well-meaning but misguided proposals””.

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