The FSA has banned an east London mortgage broker for knowingly submitting "false and misleading" income details in mortgage applications.
The regulator says Tomilola Omolola Ogunmoye also failed to cooperate with the FSA by refusing to provide a sample of mortgage client files or deal with the investigators.
In one financial year, Ogunmoye declared different income figures to four lenders. Of the four, one was approved, two rejected and one declined after it was identified as suspicious.
The sets of income figures she declared to lenders bore no relation to the income figures reported to Her Majesty's Revenue and Customs (HMRC)
Margaret Cole, director of enforcement and financial crime at the FSA, says: "With help from some lenders, we are continuing to focus our enforcement and intelligence activity on mortgage fraud hot spots around the country, including East London.
"Our work on mortgage fraud continues as a priority in our campaign against financial crime. We have banned nearly 70 mortgage brokers over the last three years and we will continue to name and shame mortgage brokers that knowingly giving false and misleading information to prospective lenders."
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