Which? has urged banks to streamline their payment protection insurance (PPI) claim process or risk exposing customers to claims management companies, after just a quarter of the promised amount of redress was paid out in 2011.
A "sophisticated" fraudster who headed up a criminal gang has been jailed for seven years for defrauding high street banks out of almost £8m through multiple fraudulent mortgage applications.
Tesco Bank's chief executive, Benny Higgins, has suggested that its long-anticipated launch into the mortgage market will happen by as early as April this year.
A former magistrate found guilty of a £360,000 mortgage fraud has been spared a jail sentence after a judge ruled her behaviour "wholly uncharacteristic".
The ongoing compliance costs of the Mortgage Market Review (MMR) proposals will cost the industry anything between £47m and £170m a year, with one-off implementation costs between £40m and £60m, according to the FSA.
The FSA today proposes to ban non-advised mortgage sales, although all but the 'vulnerable' or those accessing higher-risk products will be able to opt-out of advice or reject it and proceed on an execution-only basis.
Official government figures have revealed that the average annual salary earned by financial and insurance brokers this year has increased 17.3% on 2010 to £54,924.
Chancellor George Osborne has not extended the Stamp Duty holiday for first-time buyers, with the Autumn Statement revealing the government believes it has proved "ineffective".
Nationwide figures have today revealed average UK house prices rose by 0.4% in November and 1.6% on a year ago, adding to the mixed picture across the major house price indices.
Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.
Most consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to a poll by Which?.
Average house prices in September dropped 2.6% year-on-year, with the average house price in England and Wales now £162,109, according to the Land Registry.
Abbey for Intermediaries has revealed plans to distribute all of its core retail financial products through brokers and confirmed its much-speculated entry into the buy-to-let sector.
Unemployment in the UK increased by 114,000 for the three months to August to 2.57m people - the highest number since 1994, according to the Office for National Statistics (ONS).
The number and value of remortgages taken out in August increased by more than 30% on the same period of last year, as the market showed "welcome signs of life", according to the CML.
The average interest rate for a 90% LTV two-year fixed rate deal has dropped to its lowest level since January 2008, at 5.39%, according to Moneyfacts.
The FSA is to extend the regulation of sale and rent back (SRB) agreements to all providers, in an effort to clamp down on the "considerable" number of unregulated transactions still taking place.
A government-backed scheme to tackle mortgage application fraud will officially launch on 1 September, enabling lenders to check details of borrowers they suspect of fraud through HM Revenue & Customs.
The FSA has cancelled the permissions of Cheshire-based mortgage broker Total Independent Mortgages for failing to submit its Retail Mediation Activities Return (RMAR) for 2010.
The number of mortgage approvals increased around 4% on a monthly and yearly basis in July to 74,590, as gross mortgage lending remained flat for a third consecutive month at £7.6bn, the British Bankers' Association (BBA)reports.
The average age when potential first-time buyers expect to get on the property ladder is 35-years-old.
Only one in ten mortgage mis-selling cases brought by claims management firms are upheld by the Financial Ombudsman Service (FOS).
House prices rose just 0.2% in July, as the combination of low demand and slowly increasing housing supply continued to kept values flat, according to Nationwide.
The FSA has confirmed it will delay publishing its next Mortgage Market Review (MMR) consultation paper until early autumn, as it seeks to strike the right level of regulation for consumer protection.
The 8.1% increase in house prices in the first half of 2011 will largely reverse in the next six months, as oversupply of property runs up against lack of funding, according to Rightmove.
Former chartered surveyor Ian McGarry, jailed yesterday for seven years for his part in a £50m mortgage fraud, is to appeal the sentence, which his solicitor branded as "manifestly excessive".
The FSA has been urged by the Council of the Residential Property Surveyors Association (RPSA) to investigate lenders for failing to advise borrowers they must obtain their own housing survey.
A chartered surveyor and property investor have been jailed for a total of 20 years after admitting their role in a £50m commercial mortgage fraud.
Scottish millionaire boxing promoter Barry Hughes has appeared in court accused with his wife of committing a £1.5m mortgage fraud.
Annual house prices fell 4.2% in May, as almost static monthly growth saw prices rise just 0.1%, according to Halifax.
House prices across the UK fell 1.4% in April as the "modest decline" continues, according to Halifax.
LSL Property Services has awarded nine of its senior directors shares potentially worth more than £1.6m if they meet ambitious growth targets in the next three years.
Nationalised lender Northern Rock plc has revealed it is to cut up to 680 jobs by the end of 2011 in an attempt to rein in its costs in "very challenging" trading conditions.
AMI has declared George Osborne's Budget 2011 a "missed opportunity" to encourage greater mortgage lending and address the Stamp Duty system.
Stamp duty land tax rules for bulk buyers of residential property are to be reformed, George Osborne has revealed in the Budget 2011.
House purchase lending fell 26% in January to £4.2bn, as an "unusual combination of factors" drove buyers from the market, according to the CML.
The number of fraudulent mortgage cases rose 18% in 2010 to 3,542 compared to 3,004 in 2009, driven by a leap in application fraud.
House prices in the three months to February fell 2.8% compared to the same period last year, which is the largest annual decline since October 2009, Halifax reports.
FSA chief executive Hector Sants has revealed that the regulator will publish its proposed framework for the Mortgage Market Review (MMR) in autumn 2011, with no rule changes due before 2012.
Short-term lender Omni Capital has appointed BBC Apprentice contestant Liz Locke as business development director.
Nationwide said the housing market was "treading water", as figures show house prices increased by only 0.3% in February following a 0.1% drop the previous month.
Which? Money has reported two sale and rent back (SRB) firms to the FSA after uncovering "woefully inadequate" advice.
Lloyds Banking Group has set aside £500m to voluntarily redress an estimated 300,000 Halifax customers potentially confused by its SVR cap.
A Bradford financial adviser has pleaded guilty to taking part in a "calculated and sophisticated" £1.8m mortgage fraud.
Gross mortgage lending fell 13% to an estimated £9.2bn in January from £10.6bn in December, as the market shows little signs of rebounding, according to the CML.
A debt-stricken Coventry estate agent has been jailed for 12 months after stealing more than £69,000 from his clients.
Financial secretary Mark Hoban was forced on the defensive after MPs warned the Mortgage Market Review could have a "disastrous" effect on the economy if wrongly implemented.
House sales in December 2010 fell to their lowest level for almost eight years, as the traditional seasonal low was exacerbated by the treacherous weather conditions across the UK.