Mortgage fraud probe is a priority

Blackmore, Nicole
February 2008
Money Marketing;2/14/2008, p25
The article examines the adequacy of brokers' culture and control to lessen fraudulent business by the Financial Services Authority (FSA) in Great Britain. There is evidence that lenders have been the victims of consumer mortgage fraud and organised mortgage fraud, and FSA stated that firms should have strong lending procedures to avoid losses. Meanwhile, FSA plans to tackle consumer data protection, and conducted thematic review of firms' systems.


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