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Security First Bank Loans Bringing you the latest Security First Bank Loans news and resources from around the world. 
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. No news is good news. Nemo Loans Security First Bank Loans 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." 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 from people who do not qualify for mortgages. The FSA refused to name the firms. "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. Companies that grant loans to people with poor credit histories have been warned they could face enforcement action after the Financial Services Authority discovered three small mortgage brokers were failing to comply with rules designed to stamp out mis-selling. Ben Stafford, director of policy at the AMI, said: "This is a regulated market now and any firms that inflate income or don't put the proper procedures in place could face exposure and action from the FSA. It's fraud at the end of the day." The investigation underscores a warning delivered
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