Coogan ponders unintended consequences of MMR

The former director-general of the CML has said that the FSA’s Mortgage Market Review (MMR) will mean fewer mortgages will be available.

Michael Coogan , now strategic adviser at Deloitte’s financial services practice, says the jury is out on whether the market will be competitive and flexible for consumers.

He said: “The FSA’s aim is to ensure a sustainable mortgage market that works better for consumers