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Mortgage regulation decision looms

Gordon Brown is expected to decide on the future of mortgage regulation this month.


Brown could hand over mortgage regulation to the Financial Services Authority when he visits its headquarters in the next two weeks.


Experts predict the FSA will take control of all firms lending money secured on residential property in the £490m mortgage industry from next year.


Brown&#39s visit will also provide the opportunity to discuss whether the FSA can take control of the mortgage industry before the Financial Services and Markets Bill passes to report stage in the Commons.

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