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Using the selection of topics on the left, you are able to navigate the website to find news and resources for the topics that are of interest to you. If there are any topics not included here, which you would like to see featured. Please contact us and we will endeavour to accommodate your request. Mortgage Trust LoansThe state it's in Huge loans, but mostly at low rate, 5.3%, and seen as responsible because the loans financed building the Emirates Stadium (ÂŁ260m borrowed), and property ... Read More The credit crunch: Club by club breakdown - Guardian UnlimitedTHE Scotsman is today calling on the Office of Fair Trading to investigate the potentially damaging effect the HBOS takeover will have on Scottish businesses and customers. It is ... Read More Why a Lloyds TSB takeover of HBOS is bad news for the Scottish high ... - ScotsmanAP Business Writer= NEW YORK (AP) - Wall Street tumbled again Wednesday after a disappointing retail sales report offered fresh evidence that an intractable freeze in the credit ... Read More Stocks fall as retail sales show steep drop - Guardian UnlimitedWall Street humiliated by nationalisation of banks Hamish McRae: There are things only the state can do Treasury mulls U-turn on Lloyds TSB dividends Masters of the universe but ... Read More Rupert Cornwell: A spectacular volte-face in the spiritual home of ... - The IndependentTHE FTSE-100 fell again, despite being up 145 points earlier, as Wall Street slid in mid-afternoon. A relaxation of the ban on short-selling financial stocks was blamed Stateside ... Read More Nemo Loans Mortgage Trust Loans The FSA is also conducting a review of small mortgage firms' activities in the self-certified market, where borrowers certify their own incomes, and will publish its findings this autumn. The FSA assumed oversight of mortgage regulation since October at the request of the government. The mortgage industry has about 2.75m consumers each year and the property market is worth about Ł3,000bn. The investigation underscores a warning delivered by the FSA in May, when it told chief executives of mortgage lenders to improve the information they gave consumers about home loans. "It is difficult to establish the level of consumer detriment or potential mis-selling as many of the failings related to poor record-keeping and brokers could provide more detail when challenged, but we will be looking for better evidence of compliance with our requirements," said Mr Watson. Andy Watson, head of the FSA's mortgages and credit union department, said: "Where we find examples of possible inflation of incomes, we will make further inquiries which may lead to referrals to enforcement." In a recent exercise involving visits to 31 small brokers active in the sub-prime market is planned for next year. The City watchdog said it had identified the three sub-prime firms - who lend to customers on elevated credit risk - as having helped customers overstate their income to obtain a larger mortgage. This could be an indication that brokers are acting aggressively in their efforts to get business
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