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The Mortgage Mole

Get your facts right
Mole likes to think the folk at the Treasury Select Committee know their stuff. These are the people charged with organising the economy and they need to be up there with the best of them when it comes to anything to do with money.

So, he was a little dismayed to hear one of the members make a gaffe at the latest meeting. The committee was discussing the Financial Policy Committee and the possibility of having external members on it. When the debate turned to who the external members would be, Mark Garnier argued that it needed to be somebody with knowledge about the industry “like Martin Lewis of,” he suggested.

Since Lewis’ site is actually Moneysavingexpert and not the comparison site Moneysupermarket, Mole thinks Garnier might want to brush up on his own knowledge about the industry – sharpish.

Take Cover
Last week Mole joined the great and the good of the financial journalism world at the Santander Media Awards. The ceremony was held on the same day as student protesters took to the streets of the City of London to show their anger at student fees reforms. But, while the protests turned violent, the guests of Santander were ensconced at the Honourable Artillery Company at Armoury House. Safely inside the Armoury, Mole wondered if annoyed brokers may be the next to take to the streets in protest? The suits at the Financial Services Authority might want to get themselves some suits of armour just to be on the safe side.


Target Servicing gets average S&P rating

Target Servicing has achieved an average ranking by Standard & Poor’s for primary residential mortgages and consumer finance loans. Its outlook is positive as a primary servicer of residential mortgages.


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  • boilerman 1st December 2010 at 8:10 am

    Martin Lewis has appeared before the Treasury Select Committee with the MD of moneysupermarket. They gave evidence about how they share affiliate links. Martin Lewis again explained his business model to the committee when appearing on financial regultion. Page 57 of moneysupermarket’s Investor & Analyst Seminar April 2010 lists moneysavingexpert as a partner. Not such a gaffe given the two businesses are partners.