Proper risk assessments?
Nearly three years before statutory mortgage regulation John Tiner, the then Managing Director of the Financial Services Authority, said during a speech at the Council of Mortgage Lenders conference “We would not wish to see, for example, a relaxation of loan to value or rental cover without lenders first making a clear analysis of the […]
Controlling mortgage forbearance
The recently published FSA consultation paper on forbearance (loan modification) and impairment provisions in relation to mortgages has attracted a vast amount of comment about how it could lead to greater clarification on the issues of forbearance for lenders. However, on a basic level we wonder if all lenders know just what percentage of their […]