CML news & views
Issue no. 21 - 30 October 2012
The main article in today's issue updates our analysis of housing equity held by borrowers. It concludes that, since we conducted a similar exercise last year, the number of borrowers in negative equity has declined by more than 100,000, to around 700,000. Meanwhile, the number of first-time buyers in negative equity has also fallen.
In this issue
Updated CML analysis shows that the number of borrowers in negative equity has declined by 13% since last year.
In the end, there were few surprises when the FSA published the outcome of its mortgage market review. Now, lenders face the challenge of implementing the new rules.
The CML is now taking bookings for its forthcoming conference focusing on all the latest developments in conveyancing.
Asset management firm Strategic Value Partners has joined the CML as an associate. The CML now has 113 members and 88 members.
- Bernard Clarke
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