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Mortgage lenders face risk and additional cost of doing business
Kroll Factual Data, Inc. , a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more than 14 percent of the loan files processed by Kroll Factual Data in 2011, and in the first quarter of 2012, contained certain applicant-provided information that suggested the possibility of fraudulent activity.
Central Bank to push lenders on escalating mortgage arrears
LENDERS ARE being pressed to identify borrowers who are unlikely to be able to repay mortgages and to push for agreed sales of properties and the repayment of any shortfall under plans being devised for the Central Bank.
FSA: Lenders have asked for interest-only ban
FSA manager of mortgage policy Lynda Blackwell says some lenders want the MMR to go further on interest-only.
 
 
 
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