Thursday, December 6, 2007

Mortgage Lenders Criticised for Poor Advice

A study by the FSA has revealed that 25% of mortgage lenders are giving poor advice.In particular the FSA was critical of self certification mortgage lenders. Quite a few were willing to proceed with lending despite the uncertainty of the income for borrowers.10 of these (mainly) self-certification lenders now face sanctions from the FSA. These [...]

Read More...

[Source: Mortgage Blog]

No comments: