2008 'big year' for mortgage fraud enforcement -FSA

The regulator's warning comes in response to a banned broker’s claims that most brokers have falsified incomes. Tahir Mahmood and Amjad Malik were banned from conducting regulated business on Wednesday after the FSA found them guilty of falsifying incomes on mortgage applications. Yesterday, Mahmood contacted IFAonline saying most brokers have submitted false income details for clients in some circumstances, provoking outrage from many brokers. However, the FSA says it believes fraud is a major issue in the industry, as indicated by Philip Robinson’s speech to the Council of Mortgage Le...