FSA proposals are sensible while CML is just out of touch

The CML’s comments about the MMR are becoming increasingly hysterical. The FSA’s affordability proposals are sensible – it just wants to eradicate irresponsible lending.

The CML saying that 11% of lending would be affected just shows the extent of the problem.

The trade body is out of touch with public opinion and also increasingly out of touch with the respectable side of the mortgage industry. I must be missing something here.

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