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Government risks making mortgage crisis worse, say lenders - Daily Telegraph
The Council of Mortgage Lenders attacks the Government for being short-sighted and counterproductive Photo: CHRISTOPHER FURLONG / GETTY Speaking at the CML's annual conference, Mr Coogan said: "While there is pent-up demand in a number of areas of ...

FSA warns mortgage lenders over 'interest rate collars' - Guardian Unlimited
Banks and building societies were today warned they could find themselves in hot water if they use small print terms to avoid passing on this week's likely interest rate cut to their tracker mortgage customers. The Financial Services Authority has ...

Mortgage industry raises alarm over loans 'rationing' - Guardian Unlimited
Britain's mortgage market will come to a standstill next year, with more homeowners paying off their loans than taking out new ones, according to the City regulator and the mortgage industry body yesterday. Sir James Crosby, who is advising the ...

Mortgage lending set to fall further - Shropshire Star
The government’s aim of returning mortgage lending to 2007 levels is unrealistic, the Council of Mortgage Lenders (CML) has warned. As a condition of recapitalising the banks, the government has urged lenders to return to pre-credit crunch lending ...

Struggling families given six-month reprieve as RBS delays ... - Times Online
Borrowers who fail to keep up with their mortgage repayments will be given a six-month breathing space under a plan due to be announced today by Royal Bank of Scotland. RBS, which owns NatWest, is expected to promise not to repossess homes from any ...

Lenders' mortgage rationing claim - BBC Business
Michael Coogan, director general of the Council of Mortgage Lenders (CML), said there were fewer active lenders - and with less money. He suggested that mirroring 2008 lending levels next year would be "a real challenge". Small institutions are set ...

Lenders offering cut price mortgages to wean borrowers off trackers - Daily Telegraph
But far from being good news for home owners, experts warned it was a way for lenders to ensurse borrowers with tracker mortgages do not get too cheap a deal if interest rates fall further. West Bromwich Building Society has written to 15,000 ...

Mortgage lending fall continues - BBC UK News
The average Scot borrowed 75% of the property's value in the third quarter Mortgage approvals in Scotland fell by 18% in the third quarter of 2008, according to the latest figures. However, the Council of Mortgage Lenders said Scotland still ...

Mayor Ray Nagin hopeful City Council will take the long view in ... - New Orleans Times-Picayune
New Orleans Mayor Ray Nagin said today that while he had not seen a draft of the 2009 city budget that the City Council will take up during its 10 a.m. meeting, he hopes council members will take the long view as the cement the spending plan. "I've ...

CML: Mortgage lending declines in third quarter: CML Scotland - Politics.co.uk
The downturn in mortgage lending continued in the third quarter with 15,100 house purchase loans granted in Scotland, an 18% decline from the previous quarter, according to new data from the Council of Mortgage Lenders Scotland. A similar decline was ...