Broker banned for false income claims on loan

Blackmore, Nicole
July 2009
Money Marketing;7/9/2009, p10
The article reports on the prohibition of mortgage broker Adbul Karim for violating mortgage laws and regulations in Great Britain. Karim is proven guilty for submitting a mortgage application containing false information about his income. He is then banned from the mortgage sector as a punishment for his violation.


Related Articles

  • Sesame increases member charges due to regulatory costs. Thomas, Paul // Mortgage Strategy (Online Edition);5/9/2012, p9 

    The article reports on the move by the authorized representatives of Sesame to implement an over 50% hike in the fixed membership charges for independent financial advisors (IFA) and mortgage brokers in Great Britain. The overall costs will rise by an average of about 9% per company. The...

  • Housework still not thorough enough. Williams, Peter // Mortgage Strategy (Online Edition);9/18/2013, p28 

    The article presents information on the Funding for Lending Scheme (FLS), that has caused huge profits to lenders in Great Britain in 2013. In a report, Bank of England has described the full potential of this scheme, which is still to be explored by mortgage brokers. FLS has not only boosted...

  • The long run. Graham, Paul // Money Marketing;11/28/2002, p60 

    Presents tips for British mortgage lenders on dealing with an increase in business in 2002. Inclusion of searching out small improvements in efficiency; Importance of treating staff well; Consideration of outsourcing processing; Management of the market; Protection against backlogs.

  • Top Pima County mortgage bankers and brokers.  // Inside Tucson Business;11/20/2000, Vol. 10 Issue 35, p12B 

    Ranks the top 13 mortgage bankers and brokers in Pima County, Arizona, based on the net value of residential loans issued in the county in 1999. Nova Home Loans; Platinum Mortgage; Tucson Mortgage Company LLC.

  • Commercial Mortgage Lenders.  // Las Vegas Business Press;2004 Book of Lists, p99 

    Lists the largest commercial mortgage lenders in Las Vegas, Nevada ranked according to volume of commercial mortgage loans in 2002. USA Capital; Nevada State Bank; L.J. Melody & Co.

  • Service to help bankrupt clients. McCarthy, Barney // Mortgage Strategy;8/1/2005, p8 

    Reports on the launch of a national service to mortgage brokers which provides a facility to negotiate with trustees and their solicitors on behalf of bankrupt clients by Packager Capital Link in Great Britain. Settlement of outstanding debts through negotiation with trustees; Development of the...

  • Loan brokers still confused by promotion rules. Salmon, James // Money Marketing;1/5/2006, p5 

    The article reports on the confusion among loan brokers concerning promotion rules introduced by the Financial Services Authority (FSA). Mortgage brokers are confused as to when a risk warning is required, especially for lifetime mortgages. Some brokers are finding it difficult to understand as...

  • Check points. Hillier, Roger // Money Marketing;6/1/2006, p49 

    The article points out that the safeguards currently in place should protect most lifetime mortgage lenders in Great Britain against customer complaints. The checks and balances for lifetime mortgages make sure that this product will only be recommended when it can be demonstrated that it is...

  • Standing by for specialist turf wars. Eve, Frank // Mortgage Strategy;4/10/2006, p54 

    The article discusses an increasing number of prime lenders and new entrants that target specialist lenders in Great Britain. Specialist lenders represent a significant part of the market. Lenders are coming under margin pressure and increased regulatory and accounting requirements. Prime...


Read the Article


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

Try another library?
Sign out of this library

Other Topics