Alan Lakey: Further evidence of lender rigidity

August 2012
Money Marketing (Online Edition);8/31/2012, p20
The author comments on stern rigidity displayed by many lenders when assessing mortgage applications. He says that the process of assessing mortgage applications should be streamlined due to the experience and knowledge of the lenders. Abbey for Intermediaries issued a mortgage offer which summarily "pended," which is its sugared term for suspended.


Related Articles

  • Borrowing money requires extra care, caution. Wilder, Jeff // Hotel & Motel Management;6/6/2005, Vol. 220 Issue 10, p12 

    This article reports that borrowing money should go beyond the natural questions regarding debt level, rate and term. As the closing of a loan initiates a long-term creditor relationship, learning the character and policies of the lender are of unique importance, yet often go unexplored by...

  • Home truths. Pow, Helen // Money Marketing;2/22/2007, p68 

    The article reports on the increase in the methods repayment figures shown from the Council of Mortgage Lenders statistics. It has been indicated that there are borrowers who have taken out interest-only mortgages without having repayment vehicles. However, it has been suggested that borrowers...

  • Small-Fry Fishing. Shenn, Jody // American Banker;8/26/2004, Vol. 169 Issue 165, p11 

    Reports that lender Freddie Mac is considering adopting delegated underwriting and risk sharing in its multifamily business.. Reasons that this is a necessary step for the lender if it wants to become a bigger player in the financing of small apartment buildings; How their plan will mean giving...

  • ANALYSIS: Loans drought keeps lid on B2L landlords.  // Engineer (Online Edition);4/11/2011, p17 

    The article reports on the impact of financial crisis in Great Britain on the mortgage industry in 2011. It says that the tough economic condition forced commercial lenders to restrict the options available for professional investors. It notes that lenders still allow buy-to-let remortgaging,...

  • Fall in mortgage lending.  // Credit Management;Nov2007, p10 

    The article reports on the decrease in mortgage lending in Great Britain in 2007. According to the Council of Mortgage Lenders (CML), there is a decline in gross mortgage lending by banks, building societies and specialist lenders by six percent as of August compared to July. The lending figures...

  • As the Knot Unravels, A Question Lingers: Why? Conrad, Lee // U.S. Banker;May2007, Vol. 117 Issue 5, p10 

    The article looks into several issues concerning the sub-prime mortgage market in the U.S. The reduction of the market raises the concern on the efforts of both consumers and mortgage companies to keep the growth in the market. To regulate the market, majority of lenders have imposed lending...

  • Mortgage clubs go from quantity to quality. CLIFFORD, ROB // Money Marketing;7/17/2014, Issue 1446, p27 

    The article reports that over the years many aspects of the mortgage market have changed. The focus is shifting from quantity to quality and lenders are not just focused on securing volume through the clubs for the sake of volume. The lenders need to know the brokers they use and therefore they...

  • Bridgingwatch. Hodge, Lucy // Mortgage Strategy (Online Edition);3/5/2014, p27 

    The author discusses key components of a successful bridge financing deal. She acknowledges the need for a broker to have adequate knowledge about the client and lender in order to maintain the necessary teamwork in the deal. She describes the increasing demand for bridge financing and the high...

  • Repossession is the responsible way.  // Mortgage Strategy;5/19/2008, p22 

    The author discusses the significance of repossession of property as an option for lenders when borrowers fail to pay their mortgages. He notes that repossession would mitigate costs and thus safeguarding not only the interest of lenders but also of the borrowers. He also presents other options...


Read the Article


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

Try another library?
Sign out of this library

Other Topics