mortgage fraud

Lenders' focus on business volume over business quality in recent years has created an environment where mortgage fraud can flourish, according to Bob Ferguson, head of financial crime policy and intelligence at the FSA.

The FSA has banned its first mortgage introducer, a role which does not require FSA approval, for mortgage fraud.

The Association of Mortgage Intermediaries (AMI) has welcomed the announcement of a crackdown on mortgage fraud by the Financial Services Authority (FSA) by updating their ‘fraud prevention' factsheet.