Mortgage fraud whistleblowers wanted by FSA

As part of its attempts to crackdown on fraud, the regulator is publishing new guidance for mortgage brokers and hopes they will co-operate to help it deal with the problem. The FSA says brokers are responsible for reporting any suspicions they have regarding fraudulent activity or poor practice that has come to their notice. Brokers have provided the FSA with useful leads in the past, and the regulator is hopeful that most brokers will be willing to co-operate to prevent a minority from damaging the industry’s reputation. The new guidance for brokers, which can be viewed here, contains ...