Four firms face FSA action over mishandling arrears

Jones, Lee
June 2009
Money Marketing;6/25/2009, p5
The article reports on the mortgage mishandling arrears committed by four companies as reviewed by the Financial Services Authority (FSA) in Great Britain. The FSA found a high incidence of mortgages moving straight into arrears, potential violations of responsible lending rules, and unfair imposition of arrears by some firms. Peter Williams, head of Intermediary Mortgage Lenders Association, noted that the government should not ignore these ill effects the constricted mortgage market is having.


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