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CML disappointed about Crosby report delay

The Council of Mortgage Lenders is disappointed by the Treasury’s decision to push back the release of the Crosby Report two weeks.

It is now expected to be released in mid to late October.

The report is thought to have been delayed to allow for revisions that account for the past few weeks of market turmoil.

A spokeswoman from the Council of Mortgage Lenders, says: “We are disappointed to hear that the Crosby report has been delayed.

“Early and decisive action is what the mortgage market needs, but presumably the government is looking to see how this fits into the bigger picture of action to restore stability to the global economy.”

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