Latest MMR Updates

Back in September TMA’s inaugural Distribution Indicator survey suggested that over three quarters of directly authorised brokers expect the Mortgage Market Review (MMR) to force even more intermediary firms from the market.

The MMR itself has received much criticism amongst intermediaries many of which are justified but there are also some good points attached to it.

The first thing I’d urge you to do is actually take the time to read the document and make your own judgement. The FSA website does carry this and any additional announcements made around this subject - http://www.fsa.gov.uk/pages/Library/Policy/CP/2010/10_28.shtml

You will also find the following websites helpful -

Association of Mortgage Intermediaries

Council of Mortgage Lenders

TCF Info

2nd June 2011- IFAs still in denial over move to RDR
1st June 2011- FSCP: MMR must deliver healthy market
1st June 2011- FSA advisory panel calls for MMR to be delayed
31st May 2011- RDR could drive thousands of IFAs into the protection market
31st May 2011- MMR branded inadequate
13th Apri 2011- Is commission really at the heart of fear of RDR?
15th Mar 2011- MMR rules would have saved 17,000 repossessions, says Shelter
28th Feb 2011- Latest RDR exam news and study help
25th Feb 2011- AMI calls for compulsory advice in MMR response
18th Feb 2011- The FSA myth makers
20th Jan 2011 - FSA confirms advisers will need statement of professional standing
18th Jan 2011 - FSA could be backtracking on MMR timings
18th Jan 2011 - MPs debate MMR in House of Commons
20th Dec 2010 - MPs call for pro-RDR IFAs to speak up
13th Dec 2010 - The RDR is not fit for purpose
29th Nov 2010 - Pickles takes MMR worries to the top

MMR and RDR area approaching (so do something now!) - article by Which Network Ltd