News & Analysis as of October 31, 2024

Mortgage Lenders

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Financial resilience – consumer finance firms: UK FCA finds risk governance / management shortcomings

Hogan Lovells on 10/25/2024

In the second half of 2023 and the first half of 2024, the Financial Conduct Authority (FCA) carried out a review of a sample of consumer credit firms and non-bank mortgage lenders to assess their approach to financial...more

English High Court rules on transferee mortgage lender's entitlement to maintain prevailing SVR

Hogan Lovells on 10/22/2024

The High Court in London has given judgment on three key preliminary issues in a claim brought by former customers of Northern Rock, whose mortgages and loans were acquired by TSB Bank. The Court found in favour of TSB on...more

FCA measures to help consumers with mortgages: considerations for securitisation transactions

Hogan Lovells on 9/6/2023

Over the summer, the UK government announced that it had agreed a new Charter of support measures for mortgage holders with the FCA and the UK's principal mortgage lenders. Resultant changes to the FCA’s mortgages sourcebook...more

UK FCA consults on mortgage support guidance as cost of living starts to bite borrowers

Hogan Lovells on 12/8/2022

With interest rates rising and inflation and energy prices at record levels, the government, major mortgage lenders and the UK FCA have agreed a range of measures that firms can use to support their existing mortgage...more

Mortgagees, Receivers and Security Agents: Excluding Liability on an Enforcement Sale

Akin Gump Strauss Hauer & Feld LLP on 9/10/2020

In this alert, we consider a recent decision of the English High Court concerning the extent to which the equitable duty applicable to lenders, security agents and receivers in the context of an enforcement sale may be...more

UK Conduct Authority Consults on Guidance on COVID-19 Measures for Mortgage Lenders and Payments Firms

A&O Shearman on 6/8/2020

The U.K. Financial Conduct Authority has published two consultations on its draft guidance for firms on mortgages and safeguarding customers’ funds during the COVID-19 pandemic....more

Financial Daily Dose 12.18.2019 | Top Story: Fiat Chrysler and Peugeot Boards Agree to $50 Billion Merger

Robins Kaplan LLP on 12/18/2019

Fiat Chrysler and rival Peugeot have agreed to binding merger terms that, if approved by US and European regulators, would create a “$50 billion auto giant that would rank among the world’s largest car companies by sales”....more

Your daily dose of financial news - The Brief – 9.8.16

Robins Kaplan LLP on 9/8/2016

In a move anticipated over the past year or so, Caliber Home Loans—with PE Lone Star Funds’ backing—is making more loans to “borrowers with spotty credit histories.” A euphemism for subprime, by the way. That targeting has...more

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