FSA needs to make criticisms clearer - CML

In its annual report, published today,the CML calls on the FSA to be clearer about which firms it is targeting and adds poor practice by some intermediary firms can undermine the reputation of good firms and the wider industry. The report also revealed mortgage lenders lent £1bn every day during 2007 despite a major slowdown in September caused by the credit crunch and the failure of Northern Rock. The report says it is important for lenders, the authorities and the general public to see the true strength of the mortgage market despite intense media scrutiny in recent months. A record £3...