The U.K.'s Council of Mortgage Lenders weighed in on the U.K. Treasury's plans to extend the Financial Services Authority's oversight of the industry in certain ways with what it characterized as a "mixed" response to the proposals.

The CML said it is supportive of the plan to regulate second-lien mortgages as it has been pushing for regulation of all secured lending, not just first-lien product, since before FSA mortgage regulation was introduced in 2004.

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