FSA calls for action against Mortgage Fraud

Shared by Caron on Tue Jul 22, 2008 5:28 am
The Financial Services Authority (FSA) in the UK has told lenders to take proper action against mortgage fraud. The FSA has so far banned 17 mortgage brokers who are suspected of encouraging fraudulent applications. But they have plans to target 200 more brokerage firms. The FSA suspects some lenders to be guarding mortgage fraud and have warned them to avoid being a part of fraudulent deals. Looks like they're up to finding them out and taking legal action against them. Source: http://news.bbc.co.uk/2/hi/business/7519100.stm

Community Members Opinion

Niicss
Niicss

Joined: 03 Oct 2005

Posts: 1260
Location: New Jersey

188.81 Dollars($)

Posted: Tue Jul 22, 2008 5:35 am Post subject:

Hi Caron. Mortgage fraud is so common that it has become a common phenomenon nowadays. I have also shared a video on Mortgage fraud. Please take a look at http://www.mortgagefit.com/videos/protect-fraud.html _________________ Good is the Enemy of Great.


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