Can TPAs survive the downturn?
The mortgage market has changed hugely since the seismic shocks of 2007/8 and it is not just lenders and borrowers who are experiencing a very different playing field from that which existed before the crash. Consider the plight of Third Party Mortgage Administrators (TPAs) who between 2000 and 2006 gorged themselves on a regular supply […]
Failure to mitigate loss?
Anyone involved with the post completion mortgage administration process will be acutely aware of the pressures to show ‘forbearance’ to borrowers who are facing difficult times. However, many involved in the industry will have been surprised at the level of ‘forbearance’ being applied by lenders. Data collated by the FSA and contained within the recent […]