Monetary policymakers should be following the Crosby Report's recommendation to restart the mortgage finance markets rather than focusing on cutting interest rates, according to the Association of Mortgage Intermediaries (AMI).
A seemingly relentless fall in house prices eased off in November after a report urged the Government to act immediately to stimulate the flow of mortgage funds to the UK banking industry.
Alistair Darling outlined a raft of initiatives this afternoon in his Pre-Budget Report aimed at resolving problems within the mortgage market.
Investors in residential mortgage backed securities (RMBS) are acting irrationally, and demanding excessive premiums, says the Council of Mortgage Lenders (CML).
The Crosby review of the UK's mortgage finance markets will be delayed, the Treasury has announced.
Forsyth Partners is set to sell its London-based European distribution operation to investment banking firm Crosby Capital Partners, it has been confirmed.
Scottish Widows and Scottish Equitable Protect are considering a move into the guaranteed critical illness market, officials have confirmed.