The media and markets have seized on every crumb of good news released in past weeks, but the odd positive announcement – Barclay’s Q1 results were unexpectedly good – shouldn’t confuse our understanding of this recession. It will not right as quickly as it went wrong. March house prices ...

Why hasn’t the government given any of its bank bailout cash to local authorities? With the help and expertise of specialist lenders who are currently twiddling their thumbs, councils could get cash back in the hands of people who would spend it. The government witters on about boosting ...

The average UK broker believes house prices have 9.2% further to fall, according to Exact’s latest white paper. Exact polled 539 mortgage intermediaries as part of their research into the future performance of UK house prices. 22% of brokers were less positive, believing we will see further ...

Last November I found myself envious of my friends in America. They were going to the polls to elect a new President and with that they had the opportunity to vote for a leader without a legacy of economic failure to defend and who could address financial regulation and recession with a ...

Alan Cleary – Managing Director – Blames the ratings agencies Building societies have been under the spotlight in recent weeks after Moody’s downgraded nine, some to just one notch above junk status. But why? This was a massive overreaction from Moody’s because they screwed up ...

Exact CEO Ian Lonergan – Economic outlook.
The media and markets have seized on every crumb of good news released in past weeks, but the odd positive announcement – Barclay’s Q1 results were unexpectedly good – shouldn’t confuse our understanding of this recession. It will not right as quickly as it went wrong. March house prices …

• Building Societies continue to count the cost of the crunch.
• John Murray – Lenders in limbo.
• Credit Director Chris Preston Breaking the fraud taboo.
• Exacts Latest White Paper.
Read the full articles here.

No one likes admitting they’ve made a blunder and it’s no different for lenders and mortgage fraud. Fraud is wildly under-reported in official statistics – millions of pounds of fraudulent loans are written off as credit losses every month because they slip through the net unidentified. ...