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Dubbya

Plans To Lift Uk Mortgage Lending

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Utterly ridiculous. Why should the Bank of England, hence the tax payer support this market?

Why should we take the risk?

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Just what we need, more money pumped into the economy, just when inflation is rampant.

The best thing they can do is leave well alone, let it correct / crash whatever you want to call it. Then, when the dust has settled, ensure you only lend to people that can afford to repay, within their life time - Shock horror.

There is no need for complicated schemes.

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Utterly ridiculous. Why should the Bank of England, hence the tax payer support this market?

Why should we take the risk?

Indeed, shocking bit of reporting - "plans" my @rse! More like desperate kite-flying,

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So in efect the CML wants the BoE to stand in place of the capital market. In other words the CML wants the entire wholesale capital market of London to be nationalised. Still that pretty much is what is happening with Fannie and Freddie in the US with the Fed lending to those two institutions because the capital market will not.

Edited by Wad

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You've just gotta love these free market neo liberals the best way to run the economy is with no regulation or state aid apart from when the SHTF then it's time to get the taxpayer to bail everyone out.

Trouble is the taxpayer is skint and even if they weren't I doubt anyone has the money to absorb this mess that's been created.

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It's a great dilemma.

Until interest rates rise, there is no incentive for MBS to even exist. Why take 6% on a dodgy mortgage security when inflation is knocking on for 10-12% and there are still people in the world who haven't been priced out of driving to work?

The alternative is for interest rates go up and ...ooops..now no one can pay their mortgages!

MBS is dead either way. Let it lie property rampers, let it lie.

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Merv has obviously lost his bottle on inflation; why should we trust him on anything else? The BoE is already handing out liquidity in return for assets of debatable value. :blink:

They could blink on this one.

:(

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So in efect the CML wants the BoE to stand in place of the capital market. In other words the CML wants the entire wholesale capital market of London to be nationalised. Still that pretty much is what is happening with Fannie and Freddie in the US with te eFed lending to those two institutions because the capital market will not.

Sounds as though they want their own UK Freddie Mac, we know now how great they are!!

What would it be called?

DIrectyl Regulated Term Yield Mortgage Corporation - or Dirty Mac??

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It's a great dilemma.

Until interest rates rise, there is no incentive for MBS to even exist. Why take 6% on a dodgy mortgage security when inflation is knocking on for 10-12% and there are still people in the world who haven't been priced out of driving to work?

The alternative is for interest rates go up and ...ooops..now no one can pay their mortgages!

MBS is dead either way. Let it lie property rampers, let it lie.

I thought the US had already done that with the Fed rate at 5% which meant all those poor people could no longer afford the slums they had bought. That's why we are in this mess.

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CML are about 10 months behind the curve, they are regurgutating plans mooted in the US way back.

The SUper SIV was a plan to shove all the stuff that was going back onto the banks books from SIVs into it instead.

they felt the fed could finance this and all would be well.

They spent days trying to find ways to make it work, but of course, there was no way, as a Super SIV is just another SIV.

They appear to have created a potential super SIV with the plans for freddie and fannie, but thatll never work either.

Coogan is stupid.

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Sounds as though they want their own UK Freddie Mac, we know now how great they are!!

What would it be called?

DIrectly Regulated Term Yield Mortgage Corporation - or Dirty Mac??

Insert the word "Temporary" (Darling likes that word) and you're nearly there. ;)

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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