Vince Cable’s comments echo a presentation I have recently done which focused on the performance of 2007 securitised mortgage loans.  The sample that we analysed was based on six RMBS issues originated across thirteen originators.  The highlights were that serious arrears of 4+ months or more ...

There certainly is a fair bit of doom and gloom returning and plenty of talk about the dreaded double dip. Whether it is real or imagined will become clear over the next few months but for what it is worth, while I think it will be rocky in 2010 the overall picture is not quite as bad as some ...

Here’s a league table you wouldn’t want to be top of.  The FSA has just produced its Publication of Complaints Data report which compels regulated firms to report the number of complaints they have received, which the FSA will aggregate and put into a league table to be published on its ...

This time last year I wrote a number of articles about the fact that the £billions of pounds being pumped into our banks would not find its way back to homeowners and businesses.  Last week my view was confirmed (to an extent) in that both Lloyds and RBS confirmed that they are failing to hit ...

January has produced a number of positive results that strengthen the prospect of a quick rebound out of recession.  Manufacturing across the globe picked up at significant speed, especially in the UK as the weak pound helped exporters to produce the biggest surge in 15 years.  The weak pound ...

The consultation phase of the MMR came to an end last week and over the next couple of months we will see the results which will allow us to start to assess the impact on the mortgage market.  Many of the potential outcomes are unlikely to have an immediate effect as many firms have already ...

Last week’s inflation figures came as a bit of a shock.  The jump in December was the biggest rise on record but what does it mean for the mortgage market?  My view is that it is too early to tell, if Mervyn King is right and this is only a temporary blip then it will have no noticeable ...

We are starting to see some evidence of mutuals pushing up their SVRs and whilst many commentators refer to BBR being static at 0.5% and not being able to understand this move it is likely to be the norm over the next 12 months. The very simple fact is that a low BBR will actually force many ...

The Mortgage Market Review (MMR) is coming towards the end of its consultation period so if you want to have your say you need to submit your response to the FSA by the 30th January. Some of the discussion points that affect the distribution and sale of mortgages are the significant changes to ...

As much as £30bn has been wiped off the value of mortgage portfolios held by UK based financial institutions in run-off books. Research carried out by Exact Mortgage Experts shows it is more efficient for banks with mortgages in run-off to shrink these assets proactively than to hold on to them ...