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MSTV: Michael Coogan on why the MMR should not be rushed

In this edition of Mortgage Strategy TV, we speak to Michael Coogan, director general of the Council of Mortgage Lenders, about why he thinks the Mortgage Market Review should not be an urgent priority for the regulator.

He also discusses why the credit crunch has led to a more professional broker market and why it is working more closely with the Association of Mortgage Intermediaries.

Coogan also warns that rising repossession and arrears rates could be on the way if the economy does not improve.

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