FCA is consulting on how it will collect additional data about mortgages so it can monitor and supervise conduct in the mortgage markets in the context of the Mortgage Market Review (MMR). It proposes:

  • changes to the product sales data return to collect additional information, including data on the performance of all regulated mortgages; and
  • changes to the Mortgage Lending and Administration Return (MLAR) so FCA can obtain data from non-deposit-taking mortgage lenders to enable it to monitor their prudential position.

It plans to bring the rules into effect from the end of 2013 and give firms 12 months within which to comply with them. It asks for comments by 15 August. (Source: FCA Consults on MMR Data Reporting)