Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007, a report due out today has found.
Andrew Tyrie, the chairman of the Treasury Select Committee (TSC), has written to the Financial Services Authority (FSA) over a decision by the Bank of Ireland (BoI) to raise mortgage interest rates.
The Association of Mortgage Intermediaries (AMI) said it expects advisers' share of the mortgage market to increase markedly this year as a raft of changes boost their prospects.
The chief executive of the Association of Mortgage Intermediaries (AMI) has hit out at the Financial Services Authority (FSA) over its failure to launch an individual registration scheme for mortgage advisers.
Directors of Black and White Group, Chris Ollenrenshaw and Thomas Reeh have both been fined a total of £60,000 by the regulator, while Adrian Childs and Ollerenshaw have been banned.
Northern Rock Asset Management is to compensate customers who took out loans with the bank a share of £270m, following errors made in paperwork.
The Financial Services Authority (FSA) has publicly censured a mortgage broker who "recklessly" submitted incomplete mortgage applications for himself.