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The Mortgage Mole

Digging the dirt in the mortgage world…

Donec eris sospes, multos nuerabis amicos. Tempora si fuerint nubila, solus eris.




BULLSEYE Darts legend Jocky Wilson has nothing on Lloyds Banking Group’s Peter Curran if reports of the recent darts throw-down between London-based broker collective Concordia are anything to go by.

The event had eight boards with which contenders could show their hand-eye coordination skills at hitting the target.

But sources say ultra-competitive Curran was looking to be the king of the darts swingers from the first throw (pictured).

“The funny thing was when he first arrived at the event he was saying that he’d injured his knuckles,” a source told Mole.
“But that was all forgotten once he had the darts in his hand.”

Ultimately the Most Valuable Player award, the event’s top prize, was decided by a throw-off between the best three players.

Peter ’The Power’ Curran nearly lost it when he missed a couple of double attempts but finally won the trophy with a classic arrow and a punch in the air to celebrate.

NO TAKERS In the run-up to the release of Tony Blair’s memoir A Journey the media was awash with interviews, advertisements, threats of violence and angry demonstrations, and shops struggled to stock enough of the volumes to keep up with demand. Not so with Gordon Brown’s Beyond The Crash.

Aside from an interview in the Guardian the book received little in the way of press coverage. And booksellers clearly see little appeal in the former prime minister’s book.

When Mortgage Strategy’s editor Robert Thickett went to buy it for the magazine’s weekly review column on the day of its launch last Tuesday (see Media Spotlight opposite), there was no sign of it in the main section of Waterstones on Oxford Street.

On enquiry he was directed to a dark corner of the top floor but even then the book sitting on the shelf was not the one he was after.

“I went to get the book at 1pm in the afternoon and it was still in Waterstone’s store cupboard,” Thickett told Mole.

“They eventually brought it out for me but clearly it doesn’t see it as a big seller.”

Even out of office Brown is still a hard sell with the public.

DRAWING A CROWD Mole was interested last week to see housing minister Grant Shapps trying to drum up interest for the auction of a painting on eBay.

Before you ask, he wasn’t flogging some expensive painting to ensure that, Mortgage Market Review or not, he could afford a mortgage.

He was selling a black and white sketch he’d done of the House of Commons (pictured) to raise money for charity the Willow Foundation, which organises and funds special days for seriously ill 16 to 40 year olds.

Incredibly, after some furious bidding the drawing went for £410.


FSA should think of what public needs, not just saving face

Is the decision to delay the individual registration of brokers meant to be for the public’s benefit or just for the banks’ and FSA’s? The bottom line is that both will probably be unable to deal with all the paperwork that the additional regulation will require. It’s strange that the FSA can put huge amounts […]

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