Comments for Mortgage and Business News http://www.100mortgages.org Keep updated on the latest mortgage, global economy and business news Sun, 24 Jan 2010 16:50:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Fraud cost UK economy £30 billion: Financial services biggest loser by Dean Jacobshttp://www.100mortgages.org/20100122/fraud-cost-uk-economy-30-billion-financial-services-biggest-loser/#comment-788 Dean Jacobs Sun, 24 Jan 2010 16:50:22 +0000 http://www.100mortgages.org/?p=8204#comment-788 Some would argue that these figures need to be put into the perspective of the sheer size of the total market. If that is done they actually indicate that fraud is relatively small in comparison and there is absolutely no evidence that the fraud figure would be any different if the current regulatory regime did not exist. There is NO evidence.However what is most concerning is the growing increase of mortgage Fraud. Undoubtedly this will ultimately mean that underwriters and insurers will have to insist that greater risk management steps are taken. Some would argue that these figures need to be put into the perspective of the sheer size of the total market. If that is done they actually indicate that fraud is relatively small in comparison and there is absolutely no evidence that the fraud figure would be any different if the current regulatory regime did not exist. There is NO evidence.

However what is most concerning is the growing increase of mortgage Fraud. Undoubtedly this will ultimately mean that underwriters and insurers will have to insist that greater risk management steps are taken.

]]> Comment on $6500 tax credit for home buyers by Bobhttp://www.100mortgages.org/20091116/6500-tax-credit-for-home-buyers/#comment-781 Bob Wed, 02 Dec 2009 15:12:27 +0000 http://www.100mortgages.org/?p=7167#comment-781 I have owned my home four years and just moved to another state for a job. Why the hell am I not eligible? Why does it have to be 5 years what difference does it make? This is some stupid BS. I have owned my home four years and just moved to another state for a job. Why the hell am I not eligible? Why does it have to be 5 years what difference does it make? This is some stupid BS.

]]> Comment on Premium Bonds: New guaranteed growth from NS&I by A.K.Mayhttp://www.100mortgages.org/20091105/premium-bonds-new-guaranteed-growth-from-nsi/#comment-774 A.K.May Fri, 06 Nov 2009 11:25:26 +0000 http://www.100mortgages.org/?p=6988#comment-774 To whom it may concern.The latest NSI bond offering 3.95% for a one year bond is a farce of the worst order.On the NSI website, you can find a form BUT it does not tell you which bond you want to buy other than a one year bond. Nowhere does it state what the interest rate is.I am already the holder of a NSI two year bond which was simple to buy via the internet. All you had to do was look down the list of offers and click on the one you wanted to buy.Was this too easy?Anyway I could therefore put in my Customer Number which they grudgingly agreed was mine and that my details all tallied.Then they asked for a Debit Card number. I wanted to invest £20,000 and strangely they do not offer many Debit Cards where there is £20,000 just lying around in a Current Account. Previously, you could send a cheque or have a bank to bank transfer.Anyway I paid £20,000 into my current account and all I had to do then was order it. Right? Wrong.I was not going to submit my £20,000 to an unknown bond with an unknown interest rate.So, I phoned the help number on all their literature and, Guess What, it had been changed to a FREEPHONE number.Was that good? No!!. It was operational (whatever that might mean) from 0700 to 2400. I tried to get through 37 times including at 0701 and all you got was "I am sorry the lines are all busy" and then it went dead.It did try the usual To get Ringback dial 5.Good revenue of course but what happened. Nothing. What you had to do was wait for a few seconds when you would be told."We are sorry that Ringback does not operate on this line".I had never realised how hard it was to give someone £20,000 until I tried to do business with NSI.If you were able to pass this on to NSI I should be delighted but fear that their idea of Customer Service would be in the family of BT, Npower, Skycard etc etcYoursAlan May To whom it may concern.

The latest NSI bond offering 3.95% for a one year bond is a farce of the worst order.

On the NSI website, you can find a form BUT it does not tell you which bond you want to buy other than a one year bond. Nowhere does it state what the interest rate is.

I am already the holder of a NSI two year bond which was simple to buy via the internet. All you had to do was look down the list of offers and click on the one you wanted to buy.

Was this too easy?

Anyway I could therefore put in my Customer Number which they grudgingly agreed was mine and that my details all tallied.

Then they asked for a Debit Card number. I wanted to invest £20,000 and strangely they do not offer many Debit Cards where there is £20,000 just lying around in a Current Account. Previously, you could send a cheque or have a bank to bank transfer.

Anyway I paid £20,000 into my current account and all I had to do then was order it. Right? Wrong.

I was not going to submit my £20,000 to an unknown bond with an unknown interest rate.

So, I phoned the help number on all their literature and, Guess What, it had been changed to a FREEPHONE number.

Was that good? No!!. It was operational (whatever that might mean) from 0700 to 2400. I tried to get through 37 times including at 0701 and all you got was “I am sorry the lines are all busy” and then it went dead.

It did try the usual To get Ringback dial 5.

Good revenue of course but what happened. Nothing. What you had to do was wait for a few seconds when you would be told.

“We are sorry that Ringback does not operate on this line”.

I had never realised how hard it was to give someone £20,000 until I tried to do business with NSI.

If you were able to pass this on to NSI I should be delighted but fear that their idea of Customer Service would be in the family of BT, Npower, Skycard etc etc

Yours

Alan May

]]> Comment on Cit Bankruptcy Filing Update: Exit Plan by Richerdhttp://www.100mortgages.org/20091105/cit-bankruptcy-filing-update-exit-plan/#comment-773 Richerd Thu, 05 Nov 2009 16:11:03 +0000 http://www.100mortgages.org/?p=6998#comment-773 Well explained briefly. So i think stay updated with these information will help people while filing bankruptcy . Well explained briefly. So i think stay updated with these information will help people while filing bankruptcy
.

]]> Comment on Quantitative Easing Explained: Pros and cons by Silviahttp://www.100mortgages.org/20091105/quantitative-easing-explained-pros-and-cons/#comment-772 Silvia Thu, 05 Nov 2009 16:07:28 +0000 http://www.100mortgages.org/?p=7011#comment-772 I am not a specialist, hence I would like to post a question: if money refers to assets, and is created from such assets, what assets are backing the creation of this money? I am not a specialist, hence I would like to post a question: if money refers to assets, and is created from such assets, what assets are backing the creation of this money?

]]> Comment on Barclays Parts with CEO Ahead of Restructure by Martin R. Packerhttp://www.100mortgages.org/20091103/barclays-parts-with-ceo-ahead-of-restructure/#comment-771 Martin R. Packer Thu, 05 Nov 2009 00:41:24 +0000 http://www.100mortgages.org/?p=6851#comment-771 Barclay can ill afford to let good people go. They should fire all their accountants who conspired to publish audited accounts which were not qualified by notes on the level of risk being taken by Barclays. The accountant s hide behind their standards to excuse their breach of fiduciary duty to the public to tell the truth. Had the accountants qualified their auditors statements the world would not have suffered the financial catastrophy for which every household is suffering. FIRE ALL THE ACCOUNTANTS. Barclay can ill afford to let good people go. They should fire all their accountants who conspired to publish audited accounts which were not qualified by notes on the level of risk being taken by Barclays.
The accountant s hide behind their standards to excuse their breach of fiduciary duty to the public to tell the truth.
Had the accountants qualified their auditors statements
the world would not have suffered the financial catastrophy
for which every household is suffering.
FIRE ALL THE ACCOUNTANTS.

]]> Comment on Bank charges explained by Halifax by Rapid Reclaimerhttp://www.100mortgages.org/20091102/bank-charges-explained-by-halifax/#comment-770 Rapid Reclaimer Tue, 03 Nov 2009 23:50:34 +0000 http://www.100mortgages.org/?p=6816#comment-770 The banks are about to get skinned even more... but make sure you read about reclaiming and get your money back.Although current account claiming is currently on hold due to the OFT case (unless you're in financial hardship), it does not apply to other unfair charges, for example loan and credit card charges so get reclaiming those now!You could also claim back charges for PPI and other unfair charges for missed / late payments.Get to work :) The banks are about to get skinned even more… but make sure you read about reclaiming and get your money back.

Although current account claiming is currently on hold due to the OFT case (unless you’re in financial hardship), it does not apply to other unfair charges, for example loan and credit card charges so get reclaiming those now!

You could also claim back charges for PPI and other unfair charges for missed / late payments.

Get to work :)

]]> Comment on Bank charges explained by Halifax by Peter Hodgsonhttp://www.100mortgages.org/20091102/bank-charges-explained-by-halifax/#comment-769 Peter Hodgson Tue, 03 Nov 2009 14:08:17 +0000 http://www.100mortgages.org/?p=6816#comment-769 LLoyds have been doing this for over 9 months now. But they dont charge a mear £1 or £2 a day, oh no they charge a lot more.Unplanned Overdraft balance is: less than £25 £6 a day £25 to £100 £15 a day more than £100 £20 a dayThis could see you paying a high price rather than the original £30 per time you went over. An employee told me it was to try and keep accounts in credit.... but what about next month when they give me these charges and I go deeper into debt.Banks use our money to make money and when they need help they use our money (from the Government) to make even more money. LLoyds have been doing this for over 9 months now. But they dont charge a mear £1 or £2 a day, oh no they charge a lot more.

Unplanned Overdraft balance is:

less than £25 £6 a day

£25 to £100 £15 a day

more than £100 £20 a day

This could see you paying a high price rather than the original £30 per time you went over. An employee told me it was to try and keep accounts in credit…. but what about next month when they give me these charges and I go deeper into debt.

Banks use our money to make money and when they need help they use our money (from the Government) to make even more money.

]]> Comment on Bank charges explained by Halifax by Petehttp://www.100mortgages.org/20091102/bank-charges-explained-by-halifax/#comment-768 Pete Tue, 03 Nov 2009 09:12:39 +0000 http://www.100mortgages.org/?p=6816#comment-768 Not the case i'm afraid Tracy. Some banks may choose to decline the payment due to insufficient funds yes, but rip offs like HBOS will happily let you run over and punish you with £35 - plus £28 an unarranged overdraft charge for the month. It's sickening I know, I bought a jug of milk for £1.69 and it ended up costng £64.69. I had the change in the car too! Could this be the most expensive milk ever bought??? Thanks HBOS, but your time is up, get ready to hand back our cash. Not the case i’m afraid Tracy. Some banks may choose to decline the payment due to insufficient funds yes, but rip offs like HBOS will happily let you run over and punish you with £35 – plus £28 an unarranged overdraft charge for the month. It’s sickening I know, I bought a jug of milk for £1.69 and it ended up costng £64.69. I had the change in the car too! Could this be the most expensive milk ever bought??? Thanks HBOS, but your time is up, get ready to hand back our cash.

]]> Comment on Bank charges explained by Halifax by tracy gouldhttp://www.100mortgages.org/20091102/bank-charges-explained-by-halifax/#comment-767 tracy gould Mon, 02 Nov 2009 22:49:08 +0000 http://www.100mortgages.org/?p=6816#comment-767 my son was charged 3 times 28 for goin over drawn on a visa elctron card, he went over by 1 penny and has been charged 84 pounds so far , visa electron i thought u had to have all the money u need in it if u havent got enough u cannot have it my son was charged 3 times 28 for goin over drawn on a visa elctron card, he went over by 1 penny and has been charged 84 pounds so far , visa electron i thought u had to have all the money u need in it if u havent got enough u cannot have it

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