Friday, August 29, 2008

So called Mortgage Professionals exposed

Mortgage fraud adds to Bradford & Bingley's woes

In June B&B revealed a £15m charge to cover losses from fraud..........Chairman Rod Kent explained that most of the scams uncovered in the last six months related to the activities of mortgage professionals and had come to light as a result of falling house prices. He said the alleged culprits were being pursued by the police and the regulator. .

Posted by aje141269 @ 08:04 PM (669 views)
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2 thoughts on “So called Mortgage Professionals exposed

  • Were any of the applications properly checked?

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  • Obviously not alan. I bet that, with underwriters now worrying about their jobs, every application gets a real good stringent going over, just so they can justify being there. That might lead to a lot more refusals adding a little bit more to HPC.

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