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Mortgage Mutterings - The week that was 31 August - 03 September

Mortgage Solutions | 03 Sep 2010

This is the Mortgage Solutions weekly talk back page. Each week, we'll pick the best letters to the editor and online comments to the hottest stories to give you a flavour of what the industry is really thinking.

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car-showroom

Insurer CEO used £35k of client money to buy car

The FSA has imposed a lifetime ban on David Marriott, the former chief executive of two insurance intermediaries, for persistent misuse of client money.

Mortgage Solutions | 02 Sep 2010
Gavel

FSA fines and bans two “reckless” mortgage brokers

The FSA has taken action against two mortgage brokers for reckless business practises that allowed false and misleading mortgage applications to be made to lenders.

Mortgage Solutions | 31 Aug 2010

Other Fsa articles

fsa-building

Number of FSA staff earning £100k or more triples in four years

The number of FSA staff earning more than £100,000 has almost trebled in the past four years.

Mortgage Solutions | 31 Aug 2010
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Mortgage Mutterings – The week that was 23 – 27 August 2010

This is the Mortgage Solutions weekly talk back page, where we pick the best online comments and letters to the editor on the big stories of the week to give you a flavour of what the industry is really thinking.

Mortgage Solutions | 27 Aug 2010
Stephen Young

Higher professional standards "here to stay"

The drive towards higher professional standards is here to stay, according to Sesame Bankhall.

Mortgage Solutions | 27 Aug 2010
money-bank

Editor's blog: Dis-Approved Persons

Most of us admit to faults of one kind or another. Plenty of people try hard to be better on a daily basis - or just hide faults more convincingly.

Mortgage Solutions | 26 Aug 2010
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Purchase levels hit peak of 60%

John Charcol has seen the proportion of purchase mortgages hit its highest level in “decades”, breaking through the 60% barrier in July.

Mortgage Solutions | 26 Aug 2010
How to avoid another credit crisis

Approved person numbers enter sharp decline in Q2

The overall number of approved persons fell sharply in the second quarter of the year, coupled with a drop in new business authorisations after cancellations, figures suggest.

Mortgage Solutions | 25 Aug 2010
fsa

Zurich Insurance fined £2.275m for data loss

The FSA has fined the UK branch of Zurich Insurance £2.275m for failing to have adequate systems and controls in place after it lost 46,000 policy holders’ confidential details.

Mortgage Solutions | 24 Aug 2010
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FSA in recruitment drive despite break up - papers

The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports.

Mortgage Solutions | 24 Aug 2010
keith-richards-tenet

Feature: How to keep your PI insurance premiums down

With professional indemnity (PI) insurance premiums predicted to rise by as much as 50% in the next two years, Tenet distribution and development director Keith Richards offers advice to mortgage brokers on what they can to do mitigate the effect.

Mortgage Solutions | 23 Aug 2010
newspapers

Banks warn scrapping FSA will create 'accountability gap' - newspaper round up

A number of the UK’s largest banks have warned the proposed changes to the country’s regulatory system – including the scrapping of the FSA – will leave too much power in the hands of a small group.

Mortgage Solutions | 23 Aug 2010
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