CML: MMR will bring house price falls

Michael Coogan told a CML conference in London the FSA's impact assessment showed the MMR's implementation would cause house price falls. The CML says a drop in house prices is one of several unintended consequences of the FSA's well-meaning but misguided proposals. It says the UK's existing 11 million mortgage borrowers have every right to be concerned about the changes. At last night's Mansion House dinner, FSA chairman Lord Turner spoke of the need to "strike a balance" between regulation that protects consumers and which affect others seeking to make "sensible, affordable choic...