View more on these topics

Oakwood adds £150m mortgage portfolio

Oakwood Global Finance has added a £150m portfolio of non-performing residential loans to its books which it is servicing on behalf of an unnamed client.

The new portfolio represents the tenth book taken on by the independent residential mortgage special servicers since January 2010 and takes the group’s total assets under management to £2.5bn over 17,000 individual accounts.

Oakwood partner Richard Klemmer says, “Boarding this pool has been part of a steady and strong growth period for Oakwood. Despite a difficult market, we have continued to win business thanks to our reputation for managing mortgage risk, particularly at the non-performing end of the market where we truly lead the way.

“We hold a unique position as the only Fitch rated Servicer in Europe with ratings in all three available classes: to be rated as Primary Servicer, Master Servicer and Special Servicer demonstrates the strength of our in-house capability to manage some of the most important factors affecting the performance of loan assets.”

Recommended

NatWest reduces rates on 60 per cent LTV mortgages

NatWest Intermediary Solutions is cutting rates on a number of mortgages in both the current account and core ranges. Rates have been cut on four 60 per cent LTV products and include the two-year fixed and tracker rate mortgages from both ranges. From the current account range, the two-year fixed rate for purchase and remortgage […]

Harpal Singh MS blog
1

Shot across bows for conveyancers

As an industry it’s not often a particularly pleasant experience to reflect on the negative perceptions of our own business or the service we provide. That said, customer feedback – good or bad – is always worthwhile receiving – unless of course it’s not acted upon – and any quality business will never shy away […]

Dev Malle 200
7

Dev Malle joins myhomemove

Dev Malle has joined Doug Crawford, his old boss at Personal Touch Financial Services, at conveyancing services provider myhomemove.

1

LV= unveils gender pipeline strategy

LV= will switch to gender neutral rates on 1 December in an effort to deal with pipeline cases ahead of gender neutral pricing. The provider will underwrite an application based on medical information provided and offer customers a pre-gender premium as long as the application is received by 1 December. If further medical evidence is […]

Newsletter

News and expert analysis straight to your inbox

Sign up