Lenders submit 200 fraud cases to FSA

In a speech to the Council of Mortgage Lenders, Philip Robinson, director of the Financial Crime & Intelligence Division of the FSA, says the regulator wishes to work with both lenders and intermediaries to root out mortgage fraudsters and increase confidence in the industry. In 2006, the FSA began the Information From Lenders Project (IFLP) and asked lenders to inform them of brokers that they were worried about. Since 2006, more than 30 lenders have engaged with the project. Lenders submitted over 200 cases of suspected fraud to the FSA, and Robinson says: “A third of [the cases] have ...