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Debate House Prices
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Mortgage Lending Increasing
Comments
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:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I wonder whether the regulator has had a nod and a wink to the banks about the future direction of regulation.
The lack of liquidity in the wholesale money markets. (As foreseen in a BOE report dated May 2009). Is now starting to impact. The BOE may well have to continue to provide the necessary liquidity so the the mortgage market can function until such time as the situation "normalises". The FLS is not a long term scheme. So underwriting criteria may be tightened further by the largest lenders as potential risk exposure is reduced further.0 -
Thrugelmir wrote: »The lack of liquidity in the wholesale money markets. (As foreseen in a BOE report dated May 2009). Is now starting to impact. The BOE may well have to continue to provide the necessary liquidity so the the mortgage market can function until such time as the situation "normalises". The FLS is not a long term scheme. So underwriting criteria may be tightened further by the largest lenders as potential risk exposure is reduced further.
The article mentions that wholesale lending markets liquidity has increased, at the same time as FLS has kicked in.
Monthly approvals up 20% in just the last 6 months.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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