Thursday, April 16, 2009

Tip of the iceberg!

Mortgage broker banned and fined

'Serious and blatant'

Posted by paranoia blue @ 02:03 PM (1093 views)
Please complete the required fields.



5 thoughts on “Tip of the iceberg!

  • Yet again we see the FSA going after the minnows on the sea bed while letting the sharks pass unhindered.

    What about Northern Rock and Bradford & Bingley’s self certified mortgages?

    Reply
    Please complete the required fields.



  • False applications and declarations of income, sounds like fraud to me. Why only a ban, and not prison? 30 brokers banned so far !
    Surely there are more liar brokers out there. Of course, with the FSA to keep check on them, no chance.

    Reply
    Please complete the required fields.



  • I reported a well known local bent broker to a certain lender after catching him out for the umpteenth time. Result? nil, not a sausage, [email protected] all. I was even quizzed as to whether I had a personal axe to grind. Everybody wanted to look the other way while the going was good and mortgages were flying off the shelves. After all, the lender couldn’t be deemed culpable just dealing with packaged mortgages could they, and hey, targets are everything dontchaknow. Is this the attitude that contributed to knighthoods for some bank bosses and Gordon’s praise of banks in his mansionhouse speech?

    Reply
    Please complete the required fields.



  • post 2, will

    I suppose there could be a few liar borrowers out there too, it’s not just one-sided.

    I had a self-cert mortgage because my income came from 3 different sources, 2 part-time jobs and a small business and the declaration of income was true as could be proved, but lender didn’t want it. Self-certs were only brought in by certain banks to boost their lending, just as bad as investing in credit default swaps.

    post 3,

    I reported two brokers in my immediate area for falsifying payslips and other documents, nothing happened to them either

    Reply
    Please complete the required fields.



  • @3 [email protected]

    tell it to the cops and keep a record. Then go to the papers.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>