TITLE

Distressed book sales cause concern for FSA

PUB. DATE
May 2009
SOURCE
Money Marketing;5/21/2009, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the growing concern of the Financial Services Authority (FSA) over unregulated firms that buy distressed mortgage books in Great Britain in 2009. Continued increase in the sales of mortgage products under unregulated companies could possibly threaten the market position of wholesale-funded lenders. The situation offers FSA the problem on how it shall limit and eventually prevent the problem among regulated funds.
ACCESSION #
41687467

 

Related Articles

  • Defining factors. Malone, John // Money Marketing;4/12/2012, p28 

    In this article the author discusses issues related to the financial services industry as of April 2012. He predicts that a difficult trading environment would be seen between the intermediary representatives and the lending community following the completion of the mortgage market review...

  • The regulation phoney war is over. Biddle, Simon // Mortgage Strategy;11/13/2006, p49 

    The article discusses the mortgage regulation in Great Britain. According to the author, despite on the lack of publicity to the anniversary of the initiation of statutory mortgage regulation, the most interesting for him is the worked done by the Financial Service Authority to the mortgage...

  • The cost crunch. Love, Bruce // Money Marketing;10/28/2004, p64 

    Reports on the impact of spiraling costs of mortgage regulation on lenders in Great Britain. Increase in compliance costs; Concern on the huge one-off cost for the transition to regulation; Percentage of lenders who believe that the industry will benefit from mortgage regulation; Growth in...

  • All packagers will be regulated. Warren, Bill // Mortgage Strategy;6/26/2006, p58 

    The author reflects on the issues concerning the exercised of regulations of the packaging sector in Great Britain. He comments on the irregular practices undergone by mortgages and insurance firms. He questions the two major regulated activities exercised by these firms, the advising and...

  • Taking stock.  // Mortgage Strategy;10/31/2005, p44 

    Reports on the condition and the first anniversary of the Financial Services Authority mortgage regulation regime. Speculations concerning the bleak future in store for various business models; Key arguments in the run-up to Mortgage Day surrounding the likely split between directly authorized...

  • A fairly good start. Watson, Andy // Mortgage Strategy;10/31/2005, p55 

    Reports on the impact of Financial Services Authority (FSA) mortgage regulation on the regulator and brokers. Factors contributing to the significant contraction in the number of brokers; Services offered by the FSA to improve the way of communicating and helping firms; Strategy designed to...

  • CML working hard on 100 policy areas. Coogan, Michael // Lending Strategy;Jul/Aug2008, p14 

    The author discusses the challenges facing the mortgage market in Great Britain and the efforts of the Council of Mortgage Lenders (CML) to address them. He cites that CML is collaborating with the Financial Services Authority (FSA) on such issues as responsible lending and arrears. The...

  • Mortgage world ripe for regulation. Hastings, Brian // Money Management;4/8/2004, Vol. 18 Issue 12, p14 

    Opines that the Australian mortgage industry is ready for regulation. Question of what type of regulation is appropriate; Setting of standards for educational requirements and experience for mortgage brokers; Opportunities for mortgage brokers and financial planners to work together.

  • Refinancings Plunge as Bond Yields Rise. Timiraos, Nick; Johnson, Andrew R. // Banking Strategies Daily;6/14/2013, p3 

    The article offers an overview of the financial services industry in the U.S. in 2013. It mentions a 36% decline of the refinancing applications in the industry from the first week of May before rates started to increase. While refinancing business had plunged, lenders have recorded an increase...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics