All Types of Mortgages is to stop using the term packaging and adopt a new industry classification, the catchy ‘wholesale mortgage design and distribution’.
Homeloan Management has signed a three-year servicing contract with Close Brothers in the UK to service its intermediary channel business originated through its own subsidiary Mortgage Intelligence. HML will process all the post completion administration from this channel following receipt of completed applications from MI. Close has ambitious plans to grow its intermediary distribution channel […]
Rising life expectancy and pressure on pensions and benefits mean more people will have to work beyond 65, says Economic Lifestyle.
From Ian Nelson HSBC should clean up its own act before blaming others. HSBC CEO Michael Geoghegan’s comments re- garding bad debts, bankruptcies and IVAs are remarkable. It seems to be his view that it’s everybody’s faults but his. Working for a lender that picks up the pieces after prime lenders, credit and store card […]
Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]
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