Our news stories can be in the form of e-shots, ‘white papers’ or social media commentary, but we will not comment on trivial matters – you will not see us mentioning on what type of coffee we are drinking whilst waiting for a train! You can catch up on our previous commentaries below.
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New Lender Origination Reviews
A recent freedom of information request submitted to the Prudential Regulation Authority (PRA) by a leading industry magazine has revealed that, since January 2016, 13 banking licence applications have been…
Staffing Services for new entrants
With the mortgage lending sector now firmly recovered, new lenders have come to market, bringing new methods of risk assessment, backed by innovative technology solutions. However, the value of experienced…
Are Customers in Arrears Being Treated Fairly?
Lenders and third party servicers will be interested in the contents of the recent Financial Conduct Authority (“FCA”) consultation paper – which has been published as a prequel to issuing…
Asset Sales Continue to Stimulate Market
The buoyant market continues, for the private equity firms who use securitisation as one of their funding sources. High street banks, driven by capital realignment, remain focussed on offloading mortgage…
Senior Managers and Certification Regime (SM&CR) Update
With the legislation over six months old, a review has been commissioned by the Financial Conduct Authority (FCA) and some significant changes have been proposed. The FCA is now seeking…
Mortgage Market Study and Working Together
There were raised eyebrows recently when the Financial Conduct Authority (“FCA”) announced another mortgage market ‘review’, this one entitled a mortgage market study (“MMS”) which is due to take place…
Changing times…
Changes, whether they have been in regulation, oversight or in business practices are inevitable but, on the whole they have been positive and progressive. Enhancements in consumer protection and routes…
Independent Reviews – Their Increasing Importance
As can be seen by the recent publication of The Treasury Committee report focussing on the various ‘inquests’ into the failure of HBOS plc, independent reviews of businesses, processes and…
Securitisation opportunities v asset risk
2016 has been an interesting and difficult year so far for the securitisation market and bonds are trading at their lowest levels for five years. However, the market is resilient…
CMC Risk Update
We are aware that Claims Management Companies are facing some real challenges at the moment but there is a further regulatory change that is on the way. We have produced…
Senior Managers Regime (SMR)
The SMR regime came into force on the 7th March 2016 for individuals working in banks, building societies, credit unions and Prudential Regulation Authority (PRA) designated firms. What is not…
Reputational Risk
Reputational risk is a hidden danger that can pose a threat to a company resulting in lost revenue or increased costs. At its most destructive it can wipe out millions…
Back to basics with loan data
As the only truly independent due diligence provider in Ireland, we have been involved in most of the loan sales activity over the last four years. Our involvement has included…
Countdown to MCD – ready on all fronts?
Suddenly, the implementation of the Mortgage Credit Directive (MCD) on the 21st March 2016 doesn’t seem far away. Amongst all the commentary on the rights and wrongs of the upcoming…
Mortgage Fraud – the threat grows
The mortgage market continues to stabilise, with 2015 gross lending numbers estimated at £220.3bn, an 8% increase on 2014’s total of £203.3bn. With the Bank of England stating that a…
Dangers of Real Estate Owned (REO) portfolios in Catalonia
A new Law Decree was implemented on 27 March 2015 by the Generalitat de Catalonia, together with further rules set by the Law Decree 67/2015 dated 5 May 2015, which…
