You can take another look at the week’s news and we’ll round up the stand-out, most thought-provoking or unmissable comments posted after stories or sent straight through to the editor.
Comment any time on the Mortgage Solutions website and you could feature in next week’s Mortgage Mutterings.
……………………………………………………
FSA forced to admit 96 staff exits in Q3
Mortgage Solutions | 29 Nov 2010 | 09:58
IFAonline
So 96 people have left the FSA. I wonder how many have moved into nice fat cat jobs in the banks – a case of game keeper turned poacher. It also explains why the regulations are always in favour of the banks. I mean, you would not want to annoy your future employer now would you?
Chartered Mark
29 Nov 2010 | 12:01
Most people who join the FSA, don’t have an understanding of the real issues down here on the ground, and by the time they do begin to understand, they leave and are replaced by other people who – you’ve guessed it – don’t have a clue.
Kev Brown
29 Nov 2010 | 12:29
………………………..
Osborne: Britain out of “danger-zone”
Mortgage Solutions | 29 Nov 2010 | 17:05
IFAonline
I’m not sure what the government has done other than announce a lot of cuts, which have yet to be implemented. So how can anyone suggest we are out of danger? Or is it perhaps we were never really in danger in the first place. Don’t you just love politics – a bit of positive spin can’t do any harm to confidence.
Smudger
29 Nov 2010 | 17:32
………………………..
FSA orders protection sales review after ‘disappointing’ failures
Mortgage Solutions | 30 Nov 2010 | 12:03
IFAonline
Firms should be recording all calls in or out and saving the recordings into the client file in a database, to be frequently reviewed by managers. Firms that don’t have these simple procedures in place are just lazy and are asking for the FSA to come down on them like a ton of bricks. There is really no need for the financial services industry to be so scared of technology. Technology proves that you are doing a great job if you are, and warns you if you are not.
Paul Holden
30 Nov 2010 | 13:56
What a surprise.Tele-sales operations aren’t as conscientious with the detail as they should be.
Clarky51
30 Nov 2010 | 13:59
………………………..
FSA accused of mortgage “reign of fear”
Mortgage Solutions | 30 Nov 2010 | 18:10
Kay McLellan
At last someone has seen what is going on. Now act.
Mike Wilkinson
30 Nov 2010 | 18:51
Having watched the RDR debate, the lasting impression I took away was that Hoban doesn’t really care. His body language was demonstrating his desire to be anywhere rather than in the chamber taking part in a democratic debate. Hiis final statement was little more than a prepared departmental draft, containing sweeping and unjust statements, and showed that little if any consideration had been given to the debate. Whether or not one agrees with what RDR is about, Hoban comes across as someone who will do little to review the situation.
Mervyn Thomas
30 Nov 2010 | 18:55
Hoban does not have a clue about the long-lasting business relationships and, in many instances, the friendships we build with our clients. RDR and particularly fee charging is going to drive a wedge into many of those relationships thanks to a combination of the ignorance of Mark Hoban and the arrogance and self-denial of any wrong-doing of the FSA.
Tony Jeacock
30 Nov 2010 | 20:57
To read all the comments on this story, click here.
………………………..
MS poll: Industry demands FSA equity release proposals go further
Mortgage Solutions | 01 Dec 2010 | 17:04
Simret Samra
The problem with the FSA is that they know less about equity release (E/R) than anything else they regulate. If the FSA leaves E/R as it is and if E/R happens to become the next mis-selling scandal, then whose heads will roll? There is no doubt that E/R customers must be made aware of all their options before making an informed decision.
Michael B Gillis
01 Dec 2010 | 19:37
………………………..
RBS repeatedly made ‘bad decisions’ but FSA dismisses fraud
Mortgage Solutions | 02 Dec 2010 | 10:25
IFAonline
Why does all correspondence from the FSA contain either an expressed or implied threat? Does the threat of future scrutiny positively add to the declaration of not guilty or is this some silly game played at the FSA.
M J Winfield
02 Dec 2010 | 12:22
………………………..
Recovery threatened by “self serving” lenders, NAEA says
Mortgage Solutions | 02 Dec 2010 | 15:15
Kay McLellan
The reality that has been around for many years is that some areas will be more desirable than others. One major problem with this is that so many properties have been bought up by single and multy landlords who then franchise to the local authority who then pay their debt. So, now we have a new conundrum, is your postcode a desirable? Or is it full of undesirables?
Martin Melton Cert CII (MP) Aff SWW
03 Dec 2010 | 08:15
………………………..
Have a great weekend
The Mortgage Solutions team
