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Enterprise unveils marketing support

Enterprise Group has launched an online marketing toolbox that contains a range of leaflets, flyers, posters and adverts. The material has been designed with compliant text and allows brokers to upload their own brand and contact details. It is digitally printed and can be delivered to brokers’ offices within two days. The material focusses on secured loans and debt management solutions.

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GMAC-RFC will cut 280 jobs

GMAC-RFC will cut its workforce by 280. The job losses are aimed at reducing its cost base, which the lender says is essential if it is to remain competitive. Last October GMAC-RFC cut 200 jobs and made a further 66 staff redundant by closing its direct-to-consumer arm High Street Home Loans.

Rooftop RMBS not hit by closure

Fitch Ratings says residential mortgage-backed securities issued by Rooftop Mortgages and its RMBS firms Farringdon Mortgages and Mansard Mortgages are unlikely to be affected by the firm’s closure.

Do you think lenders will pass on the BoE’s base rate cut to borrowers?

Prime Minister Gordon Brown has urged lenders to slash their product rates in line with the Bank of England’s 0.25% base rate cut earlier this month. But pressures including rising LIBOR have made it increasingly difficult for lenders to pass on base rate reductions to clients. So, this week Mortgage Strategy asks…Do you think lenders […]

PM must tackle the liquidity crisis now

For years UK lenders tried to develop retention models to keep remortgaging borrowers on their books but thanks to the US-born liquidity crisis and the resulting credit crunch the Yanks have managed to do it overnight.

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