Mortgage Lending
The Council Of Mortgage Lenders has predicted that nearly half the mortgages granted and completed over the last four years, would not have been granted if the FSA’s new and tougher lending criteria had then been in effect.
That tells you all you want to know about the origins of the financial crisis, the property bubble and almost everything else besides including the busted and rescued banks. These new proposals must not be watered down. They are the foundation upon which a viable economy based on sound numbers will eventually be built and built to last.