Friday, Nov 20, 2015

Mortgage manipulation

Notayesmanseconomics's Blog: Can macroprudential policy control house prices?

Shaun Richards discusses the overall effect of MMR and the Funding for Lending Scheme. It's hard to see any sense or purpose in simultaneously trying to cool the mortgage market by MMR while at the same time, the "Bank of England still has its foot on the mortgage market pedal via the Funding for Lending Scheme." In the closing paragraph, Richards asserts that the UK financial regulators haven't really tried to control the mortgage market at all.

Posted by quiet guy @ 11:47 AM (3998 views)
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