Mortgage Strategy
Lending Strategy September 2010
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Assetz data estimates house prices are £15k off 2007 peak
Lending Strategy September 2010
House prices are only £15,000 off their 2007 peak - according to data from the Assetz House Price Watch.
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Basel III set to fortify banks
Lending Strategy September 2010
The financial crisis has seen banks looking for handouts from government, but the upcoming Basel III proposals are designed to help banks withstand the shocks in the first place, says Eric Stoclet, CEO of Crown Mortgage Management
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Cooking up trouble on the regulatory front
Lending Strategy September 2010
I was either brave or foolish when, in 1969 at the tender age of 22, I bought a house with a mortgage despite the fact that there was no Lord Adair Turner or an industry of quangos to watch over me.
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Existing loan books to reopen
Lending Strategy September 2010
Consider the divide between current lending volumes and the amount of existing loans and it’s apparent that those firms who get their legacy strategy right can expect returns, says Julian Wells, director of marketing, HML
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Finding the key to the right IT
Lending Strategy September 2010
The cost of new IT might be terrifying. but plodding on with outmoded legacy technology might be a disaster waiting to happen, some pragmatic thinking may be needed, says Dave Patel, managing director of DPR Consulting
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Give credit to people's industry
Lending Strategy September 2010
Albeit in support of the greater good, opportunities in microfinancing projects in poor-world countries may be a more accessible prospect than we would first think, says Paul Hunt, managing director, Phoebus Software
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Growing number of UK home owners expect fall
Lending Strategy September 2010
The number of home owners expecting property prices to fall has increased over the summer, says Your Move.
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Haggerty enjoys good rocking
Lending Strategy September 2010
Haggerty: has been a critic of how the government has treated taxpayers in the Northern Rock debacle
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Irish legal challenge threatens bank rescue agency
Lending Strategy September 2010
A legal challenge by a developer is threatening to shatter the central plank of the Irish government’s strategy to resolve the Republic’s chronic banking crisis.
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Life in the old loan books yet!
Lending Strategy September 2010
New lending may be scarce in the current market, but there are still millions of mortgages in the UK to be managed, many of which sit under brands that no longer exist. Hence Lending Strategy’s round table and lunch this summer (sponsored by HML) explored the potential of legacy mortgage books
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Lloyds' Stockton to join bosses at Countrywide
Lending Strategy September 2010
Nigel Stockton is leaving his position at Lloyds Banking Group to become financial services development director at Countrywide.
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Lloyds to pull lending offerings from Bank of Scotland in Ireland
Lending Strategy September 2010
Lloyds Banking Group is set to pull Bank of Scotland out of Ireland and cease all lending by the end of the year.
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Make loans part of online process
Lending Strategy September 2010
Britain has warmly embraced online banking but is falling behind European counterparts on the more sophisticated web processes such as loan applications, says Mikael Krohn, vice president at EDB Business Partner
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Mortgages, Minghella and Mutuality
Lending Strategy September 2010
David Webster is the new chairman of the Building Societies Association and chief executive of the Hanley Economic Building Society but he’s also a blogger and a film buff and takes his inspiration from unusual sources
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Movers and shakers
Lending Strategy September 2010
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PPI may help with rescue planning
Lending Strategy September 2010
Payment Protection Insurance may have a greater role to play as a risk management device for distributors rather than merely a tool for consumers, says Martin Jenns, chief marketing officer Europe at Assurant Solutions
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Son follows lender Angelo Mozilo into mortgage industry
Lending Strategy September 2010
Mozilo senior: woes stem from his work in the sub-prime mortgage market
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State aid for 'black hole' Anglo Irish Bank to top 24bn euros
Lending Strategy September 2010
It’s been called a black hole, a bottomless pit, a zombie bank, and its former chairman has just been declared bankrupt — but keeping Anglo Irish Bank alive is set to cost the Irish taxpayer over 24bn euros.
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The art of coalition leadership
Lending Strategy September 2010
It’s a remarkable coincidence but ministers in the new coalition government have selected paintings to adorn their offices from the government art collection to the value of £250,000 - that’s almost exactly the value of the Financial Service Authority’s art collection at Canary Wharf, when back in the noughties, Lending Strategy used the Freedom of Information Act to find out how much of readers’ money had been squandered on fripperies rather than on regulation or financial capability.
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The chance mutation of mutuality
Lending Strategy September 2010
The evolution of building societies took an unexpected twist in August when a low-life grave dancer teamed up with the enfant terrible of the mutual lenders to create what might be a new template for the sector in the form of the Kent Reliance Industrial and Provident Society with a subsidiary bank as the conduit for lending.
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The month at a glance
Lending Strategy September 2010
Amid reports of spiralling mortgage fraud, the lender community was also saddened by Santander’s announcement to merge its Alliance & Leicester business with the Abbey brand
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The properties of modern living
Lending Strategy September 2010
As co-habitation rises and the number of marriages fall, cases of separation have risen ; it’s an area of property law where judges have taken a pragmatic approach, says Paul Walshe, head of lender services at Moore Blatch
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UK chancellor agrees with King prediction of 'choppy recovery'
Lending Strategy September 2010
George Osborne, the chancellor of the exchequer, agrees with the governor of the Bank of England that the UK economy faces a “choppy recovery”.
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Why 'letting go' is the new control
Lending Strategy September 2010
As the marketplace hots up, outsourcing is experiencing near double-digit growth, with lenders looking to future-proof their firms and retain their competitive edge, says Geraint Chamberlain, head of consultancy at Target Group
