January 2008
Mortgage Strategy;1/28/2008, p10
Trade Publication
The article offers news briefs related to the mortgage industry in Great Britain. In 2007, the Financial Services Authority (FSA) launched its Financial Crime and Intelligence Division to combat mortgage fraud. In 2006, online lead auction site Mortgagebundles.com was accused of selling borrowers gold. In 2004, Birmingham Midshires shifted its focus to brokers and halted sales through its retail network.


Related Articles

  • FSA probing 350 brokers for suspicious activity. Sinclair, Robert // Mortgage Strategy;5/4/2009, p4 

    The article reports on the Information From Lenders project of the Financial Services Authority in Great Britain. It states that the project is investigating 350 suspicious mortgage brokers for fraud which was referred by lenders since the project was launched in 2006. Moreover, under the...

  • What needs to be done to crack down on fraudulent broker practices? Whittaker, David; Fitzgerald, Mike // Mortgage Strategy;10/29/2007, p33 

    The article discusses the financial solutions to crack down on fraudulent broker practices in Great Britain. It is mentioned that the Financial Services Authority has worked hard with the industry to tackle fraud but it seems to spend a lot of its time on initiatives such as Treating Customers...

  • Fight the fakers. York, Nicola // Money Marketing;9/11/2008, p48 

    The article reports on the request of Great Britain's Financial Services Authority for brokers to become detectives in checking fraudulent documentation as fraudsters flood into the mortgage market. As part of its crackdown on mortgage fraud, the FSA is also carrying out targeted visits to 200...

  • Help networks to help smaller firms. Tomlinson, Justine // Mortgage Strategy;3/12/2007, p73 

    The author reflects on the reaction of small brokers to the Financial Service Authority's (FSA) Treating Customers Fairly (TCF) initiative in Great Britain. She argues that the deadline for introducing the TCF is unfounded. She cites the survey conducted which showed the unawareness of small...

  • Crime wave. Toner, Christine // Mortgage Strategy;8/3/2009, p18 

    The article offers information on the strategies that can help brokers avoid the rise of mortgage fraud in Great Britain. A spokesman at the Financial Services Authority (FSA) states that brokers must ensure that they have provided suitable advice and that their businesses cannot be used for...

  • Warning on property hijacking pertains to introduced business. Sinclair, Robert // Mortgage Strategy;5/14/2012, p016 

    The article focuses on a warning from the British Financial Services Authority for mortgage brokers to be vigilant of property hijacking.

  • Blow the whistle on dodgy brokers. Read, Sue // Mortgage Strategy;9/8/2008, p28 

    The article discusses the need for mortgage brokers, lenders and BDM to work with the regulator to strengthen their industry's strategy during mortgage fraud. It states that most mortgage industry increased their commonplace before the start of the credit crunch in difficult times. The Financial...

  • FSA issues broker warning over property hijacking. Dale, Samuel // Mortgage Strategy (Online Edition);4/27/2012, p4 

    The article reports that the British Financial Services Authority (FSA) has issued a warning to mortgage brokers to be wary of property hijacking where fraudsters try to obtain mortgages on empty properties they do not own.

  • NEWS IN BRIEF.  // Money Marketing;12/10/2009, p2 

    The article offers news briefs related to the financial services industry in Great Britain. The new remuneration code of the Financial Services Authority (FSA) for banks will not be extended to independent financial advisers (IFAs) and mortgage brokers. Jon Everill and Garry Hale were appointed...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics