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OFT to investigate Mortgage Brain’s acquisition of MortgageStream

The Office of Fair Trading is to look at the anticipated acquisition by Mortgage Brain of MortgageStream.

In December, Mortgage Brain announced that it had agreed the terms to acquire point-of-sale and case management system provider MortgageStream.

The OFT is considering whether arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation under the Enterprise Act 2002 and, if so, whether that might result in a substantial lessening of competition.

It expects to complete its findings by March 20 2012.

In March 2011 the OFT referred Mortgage Brain’s planned acquisition of TrigoldCrystal to the Competition Commission.

It claimed the merger would have deterred competition in the market and was worried the move would have led to less innovation and a lower quality of service to customers.


The Mortgage Mole

Top man Mole was celebrating PMS’ 15th anniversary last week in the swanky Paramount restaurant at the top of CentrePoint in London.

EU market enters unchartered waters

Welcome to the first European Mortgage Federation monthly column which will provide you with an update on the latest happenings in the European mortgage markets from the heart of the European Union.


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


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