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Crunch blamed on ratings agencies

Chairman of the US Federal Reserve Ben Bernanke has blamed the credit crunch on ratings agencies and the sub-prime securities investors who believed them. He delivered the verdict as he unveiled the findings of the President’s Working Group on Financial Markets.

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HBOS to review proc fees

HBOS is reviewing its proc fee levels, with Halifax’s set to tumble by 0.03% and BM Solutions’ by 0.05%.

Brokers embrace Blemain changes

Brokers have embraced Blemain Finance’s minimum standard requirements for service on packaged cases issued at the end of 2007, says the firm.

Tiuta launches online case tracking

Bridging lender Tiuta has launched an online case tracking system for brokers giving them instant access to the status of clients’ applications.

Good intentions sparked credit crisis

Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages

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