FSA has published a feedback statement on its mortgage market review. Respondents agreed with many of FSA’s proposals but did not support some of its conduct of business plans. For example, most respondents were not in favour of an LTV/LTI/DTI cap or an outright ban on selling mortgages to borrowers with multiple high-risk characteristics. There was mixed response on the proposal to make income verification a requirement, but almost all respondents agreed lenders should take ultimate responsibility for assessing affordability. FSA now plans to await the outcome of Treasury’s consultation on extending the scope of its mortgage remit, and plans to publish two further consultation papers later this year. The papers will cover priority issues such as product regulation and affordability, and distribution.