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InterBay boosts sales team

InterBay has strengthened its sales team with three business development managers. Nicola Masterson will cover Essex and Suffolk, Sally Williamson will be responsible for Northern Ireland and Andy Jones will be BDM for Lancashire and Cheshire.

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Citigroup snaps up ABN Amro’s mortgage business

US banking heavyweight Citigroup is buying ABN Amros mortgage business, as it looks to strengthen its consumer lending arm.Citigroup will purchase roughly $9bn of ABN Amros assets and its $224bn mortgage portfolio.The acquisition will add around 1.5 million servicing customers to CitiMortgage along with 2,500 wholesale brokers to its wholesale lending business, Citigroup says.Carl Levinson, […]

We must learn from this warning shot

I’m sure nobody was under any misapprehension that things would be easier under Financial Services Authority regulation rather than the Mortgage Code Compliance Board. But a principles-based regulatory process, which the FSA is committed to, can give firms a feeling that they are on the right track even if they are not.

PACKAGING SUMMIT 2007: Packagers urge lenders to form true partnerships

Packagers have accused lenders of having preferred the development of IT solutions aimed at getting direct business from brokers, rather than working with packagers to improve their technology.Ian Balfour, sales and marketing director of Solent Mortgage Services, says lenders have consistently failed to work with packagers.By doing so he says they are ignoring their most […]

Just Retirement sees 55% increase in equity release business

Just Retirements business figures for the six months to December 31 2006 shows growth in equity release advances of 55% quarter-on-quarter.The company says equity release business has continued to demonstrate excellent growth. Mortgage advances have seen a substantial increase, with levels of new business quotation and application activity likely to lead to a continuing strong […]

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.