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2- The number of speeches by former MP John Gummer, chairman of the Association of Mortgage Intermediaries, at its annual dinner last week.

45.42minutes – The total length of all five speeches given at AMI’s annual dinner last week.

10- The number of members of the Financial Policy Committee which sat for the first time last Thursday and will issue a market report on June 24.

5.33million – The number of Britons who will leave their dependants in serious financial difficulties when they die because of inadequate life insurance, Sainsbury’s Finance reports.

3.2% – Annual inflation in the European Union in May, down 0.1% from April, according to the European Commission.

£92bn – The value of 4.7 million fixed rate savings deals maturing this year, leaving savers facing the shock of lower rates, HSBC claims.

1.4% – The percentage drop in UK retail sales in May following a boost in April prompted by Easter and the royal wedding.

£696- The average cost of renting in the private rented sector in May, 4.4% up on last year, LSL Property Services data shows.


Paul Muolo

Good and bad news on mortgage debt

There are two primary ways to make money in mortgage banking in the US fee income from originating new loans or servicing those loans on a monthly basis. Thanks to the housing bubble and subsequent re-regulation of lending standards, the origination business is in the tank, and that’s putting it mildly. As noted in previous […]


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