Losses loom in fraud fallout

Jones, Lee
September 2009
Money Marketing;9/10/2009, p28
The article presents an analysis of the effects of exposing mortgage fraud cases in relation to mortgage lenders. It notes that Chelsea Building Society and Bradford & Bingley PLC have made mortgage fraud provisions of approximately 41 million and 271 million pounds respectively. Moreover, the standing fraud in the Great Britain has reached at 1.19 billion pounds, according to BDO Stoy Hayward LLP.


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