Thursday, Sep 23, 2010
The true cost of the FSA plans to clamp down on mortgage lending
Housing Expert: FSA plans to crack down on 'liar loans' could see house prices fall by 25%
Great piece on the potential cost of an FSA clamp down on 'liar loans'. Lenders are still providing nearly 45% of mortgages to people with little if any proof of income. What could this do to house prices? Henry Pryor thinks it could tip them over the edge!
Posted by charles lister @ 07:56 AM (296 views) Add Comment
1 Comment
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1. quiet guy said...
@Charles Lister
I'm surprised that this didn't get more comments considering that the FSA are acknowledging that their actions could depress the market. When I've had time to study the FSA document, I may put it on the blog.