View more on these topics

HML signs servicing contract with Infinity Mortgages

Homeloan Management has signed a three-year contract with Infinity Mortgages to provide post completion administration and collections servicing for newly completed sub-prime mortgages.

HML recently received a Moodys SQ2 Primary Rating reflecting their strengths in terms of management, financial stability, staff, strategy as well as IT systems.

Earlier this year, Fitch also reaffirmed its residential mortgage primary servicer rating of RPS2+UK, Prime, and RPS2+UK, SubPrime.

Paul Fenn, head of business development at HML says: HML is delighted to welcome Infinity as a client. Their innovative and exciting outlook is considered a perfect match for HMLs operating model and we anticipate a highly successful and long lasting relationship with the Infinity team and its customers.”

Matt Gilmour, chief executive of Infinity Mortgages adds: Outsourcing is a key part of Infinitys business model giving us both the degree of flexibility and control that we desire. HMLs experience was a key factor in our eventual decision. Plus we know our customers will experience the very best service.


B&B completes purchase of Kensington loan portfolio

Bradford & Bingley announced the completion of the purchase of a mortgage loan portfolio from Kensington Mortgage Company, a wholly owned subsidiary of Kensington Group, for around 204m. The purchase, funded from B&Bs existing resources, has been made by Mortgage Express, its wholly owned subsidiary.The portfolio has an average loan size of approximately 122,000 and […]

Is there a need for common standards?

Last week Mortgage Strategy exclusively revealed that Origo had delayed its plans to introduce an e-commerce standard for the mortgage market until the middle of next year. Frank Eve, managing director of Frank Eve Consulting, has been meeting industry representatives over recent months to help move the project forward. He says: “Origo decided to extend […]

Day with loan sharks left me feeling gutted and battered

From Kevin Friend Firstly I would like to thank Mortgage Strategy for a great boat trip. As always, a great day was preceded by the traditional late night. As I got on the boat surrounded by some of the industry’s finest I wondered what the day had in store. After the skipper had given us […]

32m projects to tackle homelessness

Nationwide over 32m is being given out to develop new ways of tackling homelessness more effectively. The successful projects were announced today by housing minister Yvette Cooper.The Cross Authority Lettings Agency project in Gloucestershire and Somerset has received 160,000 towards its work to set up a ‘virtual property shop’, aimed at preventing homelessness before a […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


News and expert analysis straight to your inbox

Sign up