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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. Sparkassen LoansCNBC - The country's municipally-owned Sparkassen savings banks and co-operative banks recently declined to participate in any more ... that has gambled in an irresponsible manner," he said, adding that all banks that dealt in risky US real estate loans are ... Read More Germany's Steinbrueck says private banks to give 300 mln eur for IKB ...Der Spiegel - The member banks of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe) are closely interlinked, and they are ... the days of government backing, they were able to borrow money at lower rates, which in turn allowed them to offer loans ... Read More German State-Owned Banks on Verge of CollapseNemo Loans Sparkassen Loans 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. 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 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. In a recent exercise involving visits to 31 small brokers active in the sub-prime market is planned for next year. But in its review of compliance by small mortgage brokers were failing to comply with rules designed to stamp out mis-selling. "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. The FSA is also conducting a review of small mortgage firms' activities in the self-certified market,
Can a German Sparkasse Be Acquired?
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Sparkassen Immobilien buys 88 apartment buildings from Citec for 185 mln eur Social Bookmarking |
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