Mortgage Finance Gazette

FSA bans East London mortgage broker for fraud

Fri, 3 Jul 2009 00:00:00 BST

The Financial Services Authority has banned Hornchurch-based mortgage broker Abdul Karim for submitting a mortgage application for himself that was based on false information about his income.

FSA announces restructure

Thu, 2 Jul 2009 00:00:00 BST

The Financial Services Authority (FSA) has announced a new operational structure designed to better align its internal operating model to its core activities of identifying and mitigating risk, supervision and enforcement.

Mortgage availability up slightly

Thu, 2 Jul 2009 00:00:00 BST

Lenders say there has been a slight increase in the availability of secured credit to households in the second quarter of this year, the first positive sign since the third quarter of 2007. This is according to the Bank of England’s Credit Conditions Survey.

Sale and rent back regulation begins

Wed, 1 Jul 2009 00:00:00 BST

From today, 1 July 2009, the interim regulation for firms operating in sale and rent back (SRB) begins.

Brand abuse marked by rise in cybersquatting and phishing

Wed, 1 Jul 2009 00:00:00 BST

Profound levels of brand abuse, most notably through phishing and suspected domain squatting, have been unveiled by brand protection expert MarkMonitor.

Santander Corporate Banking launched

Wed, 1 Jul 2009 00:00:00 BST

Abbey and Alliance & Leicester today start to rebrand their UK Corporate and Commercial Banking divisions to Santander Corporate Banking.

Does new capital compromise mutuality?

Tue, 30 Jun 2009 00:00:00 BST

Adrian Coles, director-general of the BSA, explains how the newly created Profit Participating Deferred Shares work and describes the debate it has stirred up in the building society sector

Mortgage servicing improves in RMBS

Mon, 29 Jun 2009 00:00:00 BST

Servicing strategies of UK non-conforming lenders have developed rapidly since the onset of recession and continue to evolve to reflect the changing economic landscape, according to Fitch Ratings.

Shrinking credit market may put consumer choice at risk

Wed, 24 Jun 2009 00:00:00 BST

The secured loan market contracted by 83% in April to £47m compared with a year ago, according to the Finance and Leasing Association.

Dual pricing not the answer

Wed, 24 Jun 2009 00:00:00 BST

Members of the Legal & General Mortgage Club have voted overwhelmingly against the use of dual pricing by mortgage lenders.