View more on these topics

Mortgage Intelligence appoints financial director

Mortgage Intelligence has appointed Phil Davies as financial director and company secretary.

Davies qualified as a chartered accountant in 1994 with Ernst & Young. Most recently, he held the positions of financial controller and senior operations manager for HSBC’s IFA business in the UK.

He brings with him international experience of the mortgage industry, having also held senior finance positions with lenders and distributors in Australia and Canada.

Sally Laker, managing director of Mortgage Intelligence, says: “In the short time that Phil has been with us he has already made a significant contribution to the strategic direction and growth plans for the business over the next three years. I am delighted to have him on board.”

Davies adds: “I was attracted to Mortgage Intelligence because Sally and the team have an outstanding business model and I want to be part of a dynamic, confident and forward thinking organisation.”


GMAC and CSFB complete 592m issuance of notes

GMAC Commercial Mortgage Europe and Credit Suisse First Boston have completed a 592m offering of commercial mortgage-backed, floating and variable rate notes issued by Cornerstone Titan. Proceeds from the sale of the notes were used to acquire a portfolio of nine commercial real estate loans secured by 70 properties located across the UK. This is […]

MortgageStream launches branded software for PMS members

MortgageStream has launched a branded version of its case management software for Premier Mortgage Service members. The branded version is being offered to PMS members to assist them manage the new business pipeline, relationships and sales communications with customers. It includes full integration with brokers chosen sourcing systems. Paul Holden, sales director at MortgageStream, says: […]

Salt to launch next week

Derbyshires specialist lending brand Salt is to be unveiled on November 14. Salt will initially focus on sub-prime and sub-prime self-cert lending as well as developing simple solutions for the buy-to-let sector and other specialist niche markets. The brand proposition has been based upon extensive research with brokers and the wider intermediary marketplace.Salts main aim […]

C2 extends cashback offer

c2 financial has extended its cashback offer to Victoria Mortgages’ heavy adverse range as well as to Mortgages PLC’s entire range, excluding near prime. The increase in broker proc fees to 1.25% with the addition of a 0.75% customer cashback and free valuation now extends across SPML, GMAC-RFC, Victoria and MPLC. c2 financial intends to […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


News and expert analysis straight to your inbox

Sign up