Statistics released yesterday by the Council of Mortgage Lenders showed
that mortgage lending in 2008 was at it’s lowest ebb since 1974.
Xit2, the property and mortgage outsourcing specialist, is launching an arrears management product.
Lenders that are cracking down on distribution and looking for volume before quality are endangering the reputation of the industry.
Sir James Crosby, the former CEO of HBOS who was accused of silencing critics who complained that the bank was growing too fast, last week resigned as deputy chairman of the Financial Services Authority as his appointment was brought into question.
A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.
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