COUNCIL of MORTGAGE LENDERS 1 The Mortgage Event 13 October 2005 A Vision of the Future Presentation by Michael Coogan, Director General of the Council.

Slides:

Advertisements

Similar presentations

Financing Solutions in a Challenging Environment: Taking the next step with confidence, by Gary A. Fitchett, CA.

Advertisements

Supporting Community Housing – How To Do It Blase Lambert 6 th March 2014 Supporting Community Housing – How To Do It Blase Lambert 6 th March 2014.

Marketing 1.05 MIM.

ONLINE BUSINESS. Business Plan for Online Business  What Is Included In A Business Plan? There are four main parts to a business plan: 1. the description.

Interim Results Presentation For the 6 months ended 30 September th December 2008 Nick Paul Chairman Mike Welburn Chief Executive.

Case Study: United States John Hurley, Director, U.S. Treasury Session 1: Financial Education and Consumer Protection Strategies: Complementary Foundations.

1 PUBLIC BANKING IN SPAIN: GONE WITH THE WIND José Viñals Banco de España RES Panel IDB Annual Meeting in Lima, Peru March 28, 2004.

London Compliance MiFID Overview BCS 25 th April 2005 Simon Barker Head of Regulatory Affairs BNP Paribas London branch.

Consumer Protection in Ireland Presenter: Bernard Sheridan Financial Regulator.

1 Business opportunities – adapting to a changing market Malcolm Cowcher Sales Development Director, Legal & General.

By: Megan, Shayla & Angela.  Final element in a retail strategy  Retailer builds a wall around its position in a retail market By building a high thick.

Your Future Beckons Succession and Exit Strategies Morgan Potter August 2012.

INTRODUCTION TO RETAIL PRODUCT MANAGEMENT: SCOPE AND CONCEPTS

Sales for the full year ended 31 December January 2010 Jean-Pierre Souchet - CFO Stéphane Bisseuil - Investors Relations.

September 9, 2008 Make it happen Treating Customers Fairly Steve Carruthers, RBS Intermediary Partners and Frank Eve, Frank Eve Consulting The RBS Intermediary.

COUNCIL of MORTGAGE LENDERS 1 Introduction Dan Corr Chair, CML Northern Ireland Regional Director, Nationwide Building Society Audit Chair, Co-Ownership.

Australian Governments Economic Goals Low Inflation Strong and sustainable economic growth Full employment Equity in the distribution of Income External.

McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 An Overview of Contemporary Marketing.

Thriving communities, affordable homes. Helen Towner – Relationship Manager Home and Communities Agency.

Richard Angliss Home Buyer Systems Home Buyer Systems The ‘Next Generation’ The ‘Next Generation’ Sourcing System Sourcing System.

COUNCIL of MORTGAGE LENDERS 1 UK housing and mortgage market outlook Jim Cunningham Senior Economist

Buy-to-let - a silver lining? Steve Carruthers / Graham Felstead Corporate Account Manager / Head of Corporate Accounts

THE EVOLVING REGULATORY FRAMEWORK OF THE UK MORTGAGE INDUSTRY Adrian Coles, Adrian Coles, Secretary General, International Union for Housing Finance and.

Peter Williams, Executive Director, IMLA and University of Cambridge The economy and the housing market post the General Election.

Funding In The Current Climate Phil Gray Commercial Director.

Grupo Santander Competition policy and financial market integration European Parliament Financial Services Forum Brussels – 15 June 2005.

CHAPTER 11 Crafting a Winning Business PLAN

By Ben Youn Copyright 2014 Quantum Business House WELCOME to QUANTUM BUSINESS HOUSE.

Qatar Financial Centre Regulatory Authority GCC Regulators Conference: Why Is Good Corporate Governance Important? 23 February 2010 Michael Lesser, Managing.

1 Treating Customers Fairly: Some TCF considerations for the short-term insurance industry Presentation for the Insurance Conference Sun City June 2012.

Can Ireland Secure its Competitive Edge? Don Thornhill, Chair National Competitiveness Council ISME Conference 19 th - October 2007.

The Mortgage Event 2005 The Mortgage Event Vision of the Future Tim Dawson Chairman IMLA.

11 May 2005 The Economy and the Housing Market Fionnuala Earley Group Economist Nationwide Building Society.

Presentation to Senior Management MiFID for Senior Managers Introduction These slides introduce the big changes for senior management from MiFID.

Self-certification - mortgage support for today’s working lifestyles James Chidgey UCB Home Loans.

LOOKING AT BROKERAGE IN NORTH AMERICA: WHAT’S AHEAD FOR CANADA’S CUSTOMS BROKERS? 41st NCBFAA Annual Conference Carol West, President Canadian Society.

The Mortgage Event Barry Naisbitt Chief Economist Abbey The Economy – An Overview Barry Naisbitt Chief Economist, Abbey October 2005.

Marketing 420 MKT Contemporary Issues in Marketing.

Andrew Strange Senior Policy Analyst AMI & EQUITY RELEASE ROAD SHOWS APRIL 2008 Regulation, regulation, regulation.

Mortgage Regulation: The Story so Far 4 October 2005 Charles Woods, Manager, Mortgage and Credit Unions Department, Small Firms Division.

Lifetime Mortgages The regulator’s view of the market Equity Release Road shows February/March 2007 Andy TurrellKeith HaleNuala Harber Small Firms Retail.

Presented by Frank Eve 14/5/08. Agenda Introduction Principle Based Regulation TCF Lender Forum - background Current.

The Mortgage Event Weston-Super-Mare 5 October 2005 Tracy Morshead Managing Director Principality.

COUNCIL of MORTGAGE LENDERS 1 The Mortgage Event 2004 Housing Market Review: Overview of latest developments Alex Solomon CML Senior Policy Adviser 27.

Page November 2010 Miranda Lane FinanceTalking Ltd T: +44 (0) F: +44 (0) E: W: Best.

CHAPTER NINETEEN Mergers And Acquisitions: Managing The Process The purpose of this chapter is to understand why the financial services industry undertakes.

McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved Chapter Nineteen Acquisitions and Mergers in Financial Services Management.

Marketing: An Introduction Armstrong, Kotler

MARKETING. Standards… BCS-BE-36: The student demonstrates understanding of the concept of marketing and its importance to business ownership. BCS-BE-36:

Exporting Your Product or Service Growing your business by selling to buyers in international markets.

“Regulation today, regulation tomorrow…” Chris Cummings Director AMI.

The UKs Number One! “Treating Customers Fairly” Stuart Johnson Head of Distribution.

Robert McFarlane EVP & Chief Financial Officer January 7, 2009 Citigroup Annual Global Entertainment, Media and Telecommunications Conference.

TRIGOLD © Copyright 2008 Trigold. TRIGOLD © Copyright 2008 Trigold RBS INTERMEDIARY 2008 ROADSHOW MORTGAGE SOURCING & SO MUCH MORE…

The Mortgage Event Learning from recent FSA activity NICK BAXTER PARTNER BAXTERS BUSINESS CONSULTANTS DIRECTOR MORTGAGE PROMOTIONS.

The Protection Issue and Regulation Cover Forum, 5 October 2006 Stephen Walton Manager, Retail Firms Division Financial Services Authority.

Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.

THE MORTGAGE EVENT Manchester 23 September 2005 Adrian Coles Director-General The Building Societies Association.

{ Marketing Planning Analyzing the Marketing Environment and Developing a Marketing Strategy and Plan Analyzing the Marketing Environment and Developing.

TELUS forward looking statements This session and answers to questions contains forward-looking statements that require assumptions about expected future.

Business opportunities – adapting to a changing market Social and economic changes in the mortgage market over the next 2-3 years.

Business Events Sector UK & Europe. Contents Potential: Business Events 2.European Strategy  European Business Events  Target audiences  Achieving.

FST Media Technology & Innovation – the Future of Insurance & Wealth Management Conference Four Pillars of the CIO Role Strategy, Governance, Risk and.

George Wimpey Plc Annual General Meeting 2005 The Royal College of Physicians Thursday 14 April 2005.

Redefining the housing sector December 2011 Kathy Hanson Head of Learning.

MARKETING CLASS is a program of IMCB to educate and teach Binus University’s students about marketing for those interested in this major. MATERIALS PRACTICE.

Speaker: Steve Partridge(Savills)

How to write a Marketing Plan

Dave Reich King County Office of Economic and Financial Analysis

Developing a Business Plan

Presentation transcript:

COUNCIL of MORTGAGE LENDERS 1 The Mortgage Event 13 October 2005 A Vision of the Future Presentation by Michael Coogan, Director General of the Council of Mortgage Lenders

COUNCIL of MORTGAGE LENDERS 2 The Mortgage Event 2005 Introduction Market prospects Impact of Labour Government Impact of Statutory Regulation/TCF Business threats and opportunities Conclusions

COUNCIL of MORTGAGE LENDERS 3 The Mortgage Event 2005 Market prospects – current forecasts

COUNCIL of MORTGAGE LENDERS 4 The Mortgage Event 2005 Market prospects – equity buffer Value of housing stock, annual

COUNCIL of MORTGAGE LENDERS 5 The Mortgage Event 2005 Impact of Labour Government Low inflation and low interest rates Low unemployment Extending home ownership publication – promoting confidence First-time buyers and shared equity – targeted support in the future

COUNCIL of MORTGAGE LENDERS 6 The Mortgage Event 2005 Impact of Labour Government Promoting an asset-owning democracy – more tax cuts needed? Home buying and selling (home information packs) – market efficiency? Higher taxes to pay for public sector commitments?

COUNCIL of MORTGAGE LENDERS 7 The Mortgage Event 2005 Impact of mortgage regulation Costs of transition (£180m in 2003/4) Longer mortgage interviews (+ half hour) Long disclosure documents (5-10 pages) No increase in shopping around or complaints  A sledgehammer to crack a nut?

COUNCIL of MORTGAGE LENDERS 8 The Mortgage Event 2005 Treating Customers Fairly TCF campaign has significant resources in FSA Business Plan (2005 and onwards) Wide-ranging focus including financial promotion, sales process through to complaints handling arrangements FSA ‘guidance’ on principles not detailed rules and public consultation ‘Fairness’ means different things to different audiences –firms, FSA, FOS, media, customers

COUNCIL of MORTGAGE LENDERS 9 The Mortgage Event 2005 TCF – the Business Risks Regulatory uncertainty, arbitrage and retrospective interpretation of what is “fair” Costs of compliance “creeping” Reputational risk of being seen as “unfair” Developing effective management information and demonstrating compliant procedures (“record keeping”)

COUNCIL of MORTGAGE LENDERS 10 The Mortgage Event 2005 TCF – The Business Opportunities Enhanced reputation for some firms compared to competitors Improved customer retention and less churn, but will fairness or price be key? Deeper customer relationships – more sales to offset compliance costs? Improved profits?

COUNCIL of MORTGAGE LENDERS 11 The Mortgage Event 2005 Business threats and opportunities Slow down (stagnation or crash?) Consolidation (intermediary or lender led?) Intervention from Europe (more costs, any opportunities?) New products (self-certification, specialist loans, FTBs, lifetime mortgages, etc) Technology (e-mortgages, e-conveyancing – a paperless office?)

COUNCIL of MORTGAGE LENDERS 12 The Mortgage Event 2005 Conclusions Home ownership will remain popular despite lower house prices Market slowdown from record year in 2004 has been managed well Transition to full compliance with statutory regulation still to be completed

COUNCIL of MORTGAGE LENDERS 13 The Mortgage Event 2005 Conclusions Competition between firms will remain strong Is your strategy to survive or thrive? CML Annual Conference intermediary session on 6 December 2005 may help!