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FIGCovered Bonds

CML calls for help, FSA cautions on portfolio buys

The UK’s Council of Mortgage Lenders (CML) has joined the line of supplicants at the Bank of England’s door, asking for assistance in funding £90bn of net mortgage lending next year. However, the UK’s Financial Service Authority (FSA) sounded a warning on growth in the mortgage sector, warning that lenders may have to sacrifice growth for liquidity.

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