Wednesday, November 4, 2009

Mortgage Lender Fined £10.5 Million by the FSA

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 (516 views)
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One thought on “Mortgage Lender Fined £10.5 Million by the FSA

  • Many, many thanks for the post – just called GMAC to ask for my refund!!

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