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.
HBOS is reviewing its proc fee levels, with Halifax’s set to tumble by 0.03% and BM Solutions’ by 0.05%.
Brokers have embraced Blemain Finance’s minimum standard requirements for service on packaged cases issued at the end of 2007, says the firm.
Bridging lender Tiuta has launched an online case tracking system for brokers giving them instant access to the status of clients’ applications.
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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