Wednesday, Nov 04, 2009
Mortgage Lender Fined £10.5 Million by the FSA
E1 News: Mortgage Lender Fined £10.5 Million by the FSA
The Financial Services Authority (FSA) recently fined one of the mortgage largest lenders that came onto the UK mortgage market in 1998, GMAC-RFC, part of General Motors.
The lender was ordered to pay £7.7 million plus interest to its borrowers and a fine of £2.8 million for unfair treatment of 46,000 of mortgage borrowers in arrears.
Posted by uch1405 @ 10:17 AM (186 views) Add Comment
1 Comment
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1. magnaman said...
Many, many thanks for the post - just called GMAC to ask for my refund!!