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Exact’s primary and special servicing set to pass the £1bn mark

Exact’s primary and special servicing is set to pass the £1bn threshold in the next few months – including both first and second charge mortgages across over 15,000 mortgage accounts.

Exact’s Mortgage Asset Reduction Strategies, which launched in 2008 to deliver principal forgiveness programmes on behalf of mortgage asset owners, has now been used by nine clients on mortgage books with a face value of £2.2bn across 23,000 mortgage accounts.

Meanwhile, its due diligence service which helps banks, building societies, mutual lenders and hedge funds identify the credit risk contained in mortgage books has since launch, assessed over £6.3bn of mortgages across 46,000 mortgage accounts in twenty four individual projects.

Ian Lonergan, CEO of Exact, says: “Exact has continued to attract new clients and grow its service offering substantially in 2012, and we anticipate further market disruption will make our products and services even more attractive to potential customers.”



Marketwatch – June 2012

My colleague Andrew Montlake is taking a well deserved holiday this week.

Pic of Naomi Heaton

London’s safe-haven stock will run dry

The eurozone crisis has sparked an influx of Europeans investing in prime central London residential property, according to recent press comments. Greeks and Italians are hedging against the euro and economic collapse, while France’s newly elected president Francois Hollande’s taxes are sending the French fleeing to South Kensington.

Families move in to fill affordability gap

The British love affair with property has been long and fruitful but as we know from the rising average age of first-time buyers, realisation of the home ownership dream has become increasingly difficult to achieve.

Maybe Mum does know best

Delegates to the Brussels Global ABS Conference should perhaps have turned to a local octogenarian for advice as they appeared stumped as to why Europe is being forced to balance its books while the US rests on its safe-haven laurels

Why we all need to back the housing underdog

The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]


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