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Matthew Wyles appointed CML chairman

Matthew Wyles, group distribution director of Nationwide has been appointed chairman of the Council of Mortgage Lenders for 2009.

Martijn van der Heijden, head of mortgages at HSBC, and John Heron, managing director of Paragon Mortgages, have been appointed as deputy chairmen.

Wyles, says: “The UK mortgage market will be facing some uniquely challenging trading conditions during 2009 but the lenders are resolutely committed to working together to address them.

“Through the CML, we will be acting collectively to support the government and the financial authorities as the economy edges through recession towards recovery.

“The CML’s priorities for this year are to help minimise repossessions, improve our collective ability to fund the mortgages our customers want and to rebuild confidence in the housing market.”


FSA exposes bogus calls from broker

The Financial Services Authority has stopped an insurance and mortgage broker advising on regulated products after the firm posed as HBOS to convince customers to take out new policies.

FSA bans adviser and shuts down firm

The Financial Services Authority has banned John David Cook from giving financial advice and stopped his Liverpool-based firm, Stone Financial Management Limited, from conducting business.

We may as well let Nick Leeson hand out bailout cash

I am aware that readers might be getting fed up of me raving on about the lack of direction some banks are receiving from their new owner UK plc, but I hope they will forgive me for mentioning the following incident.


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