IMLA forms Mortgage Funding working group

The Mortgage Funding group, which will be open to an industry-wide membership, will launch in early 2010 under the chairmanship of Tony Ward, chief executive of Home Funding, Ward said: ‘There are signs of some recovery in the wholesale funding markets, but a very evident and significant shortfall in mortgage funding remains, and that is impacting on all parts of the mortgage market, but in particular non-bank lenders and building societies. It is our aim to identify barriers and weaknesses, propose solutions and lobby key constituencies to address them." IMLA has also announced a new...