Professional Adviser www.professionaladviser.com Ex-Credit Suisse banker guilty of $1bn sub-prime fraud <p><!--summary start--> A former Credit Suisse banker has been found guilty of fraud after deceiving investors into buying risky investments that led to $1bn (£610m) of losses. <!--summary end--></p> https://www.professionaladviser.com/news/1529400/-credit-suisse-banker-guilty-usd1bn-sub-prime-fraud https://www.professionaladviser.com/news/1529400/-credit-suisse-banker-guilty-usd1bn-sub-prime-fraud Tue, 18 Aug 2009 09:20:00 +0000 Unemployment hits 11-year high - papers 12 Nov <p><!--summary start--> Unemployment reached an 11-year high today when another huge increase in the numbers looking for work edged the total closer to the two million mark, The Independent reports. <!--summary end--></p> https://www.professionaladviser.com/news/1344330/unemployment-hits-papers-nov https://www.professionaladviser.com/news/1344330/unemployment-hits-papers-nov Wed, 12 Nov 2008 10:00:00 +0000 Directors avoid £300,000 fine due to bankruptcy <p><!--summary start--> Two directors have been censured by the FSA for failing to ensure their firm had appropriate procedures in place to ensure customer received suitable mortgage advice. <!--summary end--></p> https://www.professionaladviser.com/news/1348592/directors-avoid-gbp300-fine-bankruptcy https://www.professionaladviser.com/news/1348592/directors-avoid-gbp300-fine-bankruptcy Tue, 30 Sep 2008 11:45:00 +0000 Sub-prime borrowers facing 'massive' hike in payments <p><!--summary start--> Sub-prime mortgage borrowers are facing large increases in their monthly mortgage payments if they cannot secure a new deal, according to Moneyfacts.co.uk. <!--summary end--></p> https://www.professionaladviser.com/news/1344003/sub-prime-borrowers-facing-massive-hike-payments https://www.professionaladviser.com/news/1344003/sub-prime-borrowers-facing-massive-hike-payments Thu, 28 Aug 2008 15:30:00 +0000 Brokers urged to review compliance in light of fines <p><!--summary start--> Brokers are being urged to heed the FSA's recent enforcement actions and ensure they meet regulatory requirements. <!--summary end--></p> https://www.professionaladviser.com/news/1347172/brokers-urged-review-compliance-light-fines https://www.professionaladviser.com/news/1347172/brokers-urged-review-compliance-light-fines Fri, 11 Jul 2008 12:30:00 +0000 Sub-prime row erupts over Cable 'unscrupulous' claim <p><!--summary start--> The Intermediary Mortgage Lenders Association (IMLA) has hit out at Lib Dem shadow chancellor Vince Cable for calling the sub-prime mortgage industry unscrupulous over arrears and repossessions. <!--summary end--></p> https://www.professionaladviser.com/news/1340921/sub-prime-row-erupts-cable-unscrupulous-claim https://www.professionaladviser.com/news/1340921/sub-prime-row-erupts-cable-unscrupulous-claim Fri, 6 Jun 2008 16:00:00 +0000 Making the right choice <p><!--summary start--> Helen Morrissey talks to a panel of experts about the options available to people when they reach retirement <!--summary end--></p> https://www.professionaladviser.com/feature/1356400/-choice https://www.professionaladviser.com/feature/1356400/-choice Sun, 1 Jun 2008 01:00:00 +0000 Thinc sorry for sub-prime errors after £900k FSA fine <p><!--summary start--> Thinc Group has apologised for failures when selling and advising on sub-prime mortgages after the firm was yesterday fined £900,000 by the FSA. <!--summary end--></p> https://www.professionaladviser.com/news/1342422/thinc-sorry-sub-prime-errors-gbp900k-fsa-fine https://www.professionaladviser.com/news/1342422/thinc-sorry-sub-prime-errors-gbp900k-fsa-fine Fri, 16 May 2008 12:15:00 +0000 Thinc hit with £900k sub-prime fine despite FSA warning <p><!--summary start--> The FSA has fined Thinc Group £900,000 for failures when selling and advising on sub-prime mortgages. <!--summary end--></p> https://www.professionaladviser.com/news/1349545/thinc-hit-gbp900k-sub-prime-fine-despite-fsa-warning https://www.professionaladviser.com/news/1349545/thinc-hit-gbp900k-sub-prime-fine-despite-fsa-warning Thu, 15 May 2008 12:20:00 +0000 Sub-prime/ lifetime mortgage customers confused by advice and info-FSA <p><!--summary start--> Sub-prime and lifetime mortgage consumers are unable to make a distinction between receiving advice or information-only, according to findings published by the FSA today in the second stage of its Mortgage Effectiveness Review . <!--summary end--></p> https://www.professionaladviser.com/news/1352604/sub-prime-lifetime-mortgage-customers-confused-advice-info-fsa https://www.professionaladviser.com/news/1352604/sub-prime-lifetime-mortgage-customers-confused-advice-info-fsa Mon, 31 Mar 2008 16:50:00 +0000 Changing perceptions <p><!--summary start--> Helen Morrissey talks to a panel of experts about how they expect the equity release market to develop <!--summary end--></p> https://www.professionaladviser.com/feature/1356646/changing-perceptions https://www.professionaladviser.com/feature/1356646/changing-perceptions Sat, 1 Mar 2008 00:00:00 +0000 US banks offer rescue package for prime borrowers <p><!--summary start--> Six of the US's biggest banks have announced a plan to help homeowners struggling with their mortgage payments. <!--summary end--></p> https://www.professionaladviser.com/news/1345952/us-banks-offer-rescue-package-prime-borrowers https://www.professionaladviser.com/news/1345952/us-banks-offer-rescue-package-prime-borrowers Tue, 12 Feb 2008 08:00:00 +0000 Citizens Advice slams mortgage industry on arrears <p><!--summary start--> The arrears management processes of mortgage lenders often increase the arrears problems faced by borrowers, according to a report by Citizens Advice Bureau (CAB). <!--summary end--></p> https://www.professionaladviser.com/news/1337739/citizens-advice-slams-mortgage-industry-arrears https://www.professionaladviser.com/news/1337739/citizens-advice-slams-mortgage-industry-arrears Wed, 12 Dec 2007 08:00:00 +0000 Bush uncovers plans to help desperate homeowners <p><!--summary start--> US President George Bush has unveiled plans to freeze interest rates on sub-prime mortgages to help alleviate the crisis engulfing the United States mortgage arena. <!--summary end--></p> https://www.professionaladviser.com/news/1352094/bush-uncovers-plans-help-desperate-homeowners https://www.professionaladviser.com/news/1352094/bush-uncovers-plans-help-desperate-homeowners Fri, 7 Dec 2007 14:45:00 +0000 FSA bans mortgage adviser and fines two others <p><!--summary start--> The FSA has banned one mortgage broker and fined two others for sub-prime failings, it announced this morning. <!--summary end--></p> https://www.professionaladviser.com/news/1341482/fsa-bans-mortgage-adviser-fines https://www.professionaladviser.com/news/1341482/fsa-bans-mortgage-adviser-fines Mon, 19 Nov 2007 11:20:00 +0000 IMLA brands BBC sub-prime exposé 'unduly sensationalist' <p><!--summary start--> The Intermediary Mortgage Lenders Association (IMLA) has branded a BBC Panorama investigation into mis-selling of sub-prime mortgages ‘unduly sensationalist' and ‘not representative of the market'. <!--summary end--></p> https://www.professionaladviser.com/news/1339217/imla-brands-bbc-sub-prime-expose-unduly-sensationalist https://www.professionaladviser.com/news/1339217/imla-brands-bbc-sub-prime-expose-unduly-sensationalist Wed, 10 Oct 2007 12:00:00 +0000 Lenders deny UK sub-prime spread risk <p><!--summary start--> Lenders are playing down concerns the US sub-prime mortgage crisis will spread to the UK. <!--summary end--></p> https://www.professionaladviser.com/news/1341503/lenders-deny-uk-sub-prime-spread-risk https://www.professionaladviser.com/news/1341503/lenders-deny-uk-sub-prime-spread-risk Tue, 14 Aug 2007 12:30:00 +0000 Was the FSA right to clamp down on the sub prime market? <p><!--summary start--> The FSA's report into the sub-prime mortgage market, which resulted in the regulator taking action against five intermediary firms for ‘weaknesses' in their advice procedures, has been largely welcomed by the mortgage industry. <!--summary end--></p> https://www.professionaladviser.com/feature/1339295/-fsa-clamp-sub-prime-market https://www.professionaladviser.com/feature/1339295/-fsa-clamp-sub-prime-market Fri, 6 Jul 2007 12:50:00 +0000 FSA cracks down on 'weak' sub-prime firms <p><!--summary start--> The FSA has begun enforcement proceedings against five intermediary firms in the sub-prime mortgage market after finding "weaknesses" in lending practices and in firms' assessments of a consumer's ability to afford a mortgage. <!--summary end--></p> https://www.professionaladviser.com/news/1345786/fsa-cracks-weak-sub-prime-firms https://www.professionaladviser.com/news/1345786/fsa-cracks-weak-sub-prime-firms Wed, 4 Jul 2007 12:35:00 +0000 FSA sub-prime review prompts TCF fears <p><!--summary start--> The FSA could force sub-prime mortgage lenders to shut out the very people they were set up to help, according to Reynolds Porter Chamberlain. <!--summary end--></p> https://www.professionaladviser.com/news/1339873/fsa-sub-prime-review-prompts-tcf-fears https://www.professionaladviser.com/news/1339873/fsa-sub-prime-review-prompts-tcf-fears Tue, 17 Apr 2007 13:00:00 +0000 US sub-prime collapse boosts Keydata <p><!--summary start--> THE collapse of America's sub-prime lending market has given a boost to Keydata's Income Property Bond, which invests in rented property in the US. <!--summary end--></p> https://www.professionaladviser.com/news/1355513/us-sub-prime-collapse-boosts-keydata https://www.professionaladviser.com/news/1355513/us-sub-prime-collapse-boosts-keydata Thu, 29 Mar 2007 01:00:00 +0000 Ami supports sub-prime promotions <p><!--summary start--> The Association of Mortgage Intermediaries (Ami) has published a factsheet providing information about financial promotions for sub-prime mortgages. <!--summary end--></p> https://www.professionaladviser.com/news/1340140/ami-supports-sub-prime-promotions https://www.professionaladviser.com/news/1340140/ami-supports-sub-prime-promotions Mon, 21 Aug 2006 15:00:00 +0000 West Brom launches intermediary-only arm <p><!--summary start--> West Bromwich Building Society has announced the launch of a dedicated service channel for intermediaries. <!--summary end--></p> https://www.professionaladviser.com/news/1340094/west-brom-launches-intermediary-arm https://www.professionaladviser.com/news/1340094/west-brom-launches-intermediary-arm Thu, 18 May 2006 09:00:00 +0000 Brokers encouraging clients to lie on mortgage apps <p><!--summary start--> The Financial Services Authority has uncovered evidence suggesting mortgage brokers encourage their clients to lie on sub-prime mortgage applications. <!--summary end--></p> https://www.professionaladviser.com/news/1337655/brokers-encouraging-clients-lie-mortgage-apps https://www.professionaladviser.com/news/1337655/brokers-encouraging-clients-lie-mortgage-apps Tue, 6 Sep 2005 13:30:00 +0000 Lending to real people <p><!--summary start--> Having your mortgage application turned down is a harsh reality for one in four housebuyers. A sub-p... <!--summary end--></p> https://www.professionaladviser.com/news/1323201/lending-real-people https://www.professionaladviser.com/news/1323201/lending-real-people Mon, 20 May 2002 01:00:00 +0000 Sub-prime mortgages <p><!--summary start--> Take the high street for sub-prime A few years ago just the thought of trying to place a client wi... <!--summary end--></p> https://www.professionaladviser.com/news/1316548/sub-prime-mortgages https://www.professionaladviser.com/news/1316548/sub-prime-mortgages Mon, 15 Oct 2001 01:00:00 +0000