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Rear View: The highlights of the week’s mortgage coverage

by: Mortgage Solutions
  • 16/09/2011
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Rear View: The highlights of the week’s mortgage coverage
In case you missed anything, this is our rundown of the biggest stories and features hitting our headlines.

ICB reaction

This week, the Independent Commission on Banking, chaired by Sir John Vickers confirmed that the banks will have to ringfence their core operations. We round up the reaction from the banks, building societies, trade bodies and consumer organisations. MORE

Helpful bridging

Masthaven sales and marketing director Richard Deacon explains how bridging loans can help clients, who have fallen into financial difficulty, repair their credit. MORE

EU implications

Blogger Robin Johnson explains how concerns overshadowing Greek, Portuguese, Spanish and Irish sovereign debt could seriously impact a significant growing source of lending here in the UK. MORE

The MMR approaches

With the final Mortgage Market Review proposals due in early Autumn, industry experts Robert Sinclair, Paul Broadhead and Bill Warren look at their potential for  destabilising the market. MORE

Broker ban

On Wednesday, the FSA banned a North West London mortgage broker and fined him £250,000 for repeated mortgage fraud and deliberately misleading the FSA. The penalty was the second largest fine imposed on a mortgage intermediary, ever. MORE

Shoebox homes

The Royal Institute of British Architects (RIBA) damns new build properties in the UK as “shameful shoebox homes”, built too small for the number of people expected to live in them. MORE

Learning from Lehmans

September 15 marked the three-year anniversary of when America’s fourth-biggest investment bank, Lehman Brothers, went bankrupt. Reporter Kay McLellan examines whether any lessons have been learned from the catastrophe. MORE

Elton sues

Pop supremo Sir Elton John is suing a banker for failing to honour a £700,000 charity auction bid. Despite the banker promising to pay the money to the Elton John Aids Foundation, the cash is nowhere to be seen. MORE

100% unattractive

Despite the fact more high LTV products are available, 77% of brokers say they still haven’t completed any 95% to 100% deals in the past six months, according to the latest Mortgage Solutions poll. MORE

And finally…top tweets

David Weidner

What do you call a rogue trader who makes money? A managing director.

Elizabeth Windsor

Text from Mr Cameron: “Sarkozy and I have arrived in Libya. No sign of Gaddafi. We’ve looked under the beds and everything.”

Dean Mason

‘I need to talk to you about an urgent mortgage!’…what makes it urgent?…’My bank want to repossess the house on Friday’…Might be tricky

Jimmy C

The EU is planning a vote on reducing ‘sunset yellow’ in Irn Bru. Good, cause there’s nothing that needs sorting out in Greece or anything.

Kate Butler

Angela Merkel must be devastated that Berlusconi doesn’t fancy her. Rising to the top of her profession will feel rather hollow now 🙁

 

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