Lender claim founders – losses “caused” by underlying fraud *

United Kingdom - July 17 2012
The High Court handed down its judgment on 10 July 2012 in Platform Funding v Anderson Associates [2012] EWHC 1853 (QB).

Co-authors: Simon Chandler, Anna Murley, Alexandra Anderson.

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FSB principles add weight to contributory negligence arguments against lenders *

United Kingdom - April 30 2012
The Financial Stability Board (FSB), the international regulatory task force set up following the recent global financial crisis with the aim of developing and promoting effective regulatory policies in the interest of improved financial security, has just published its Principles for Sound Residential Mortgage Underwriting Practices.

Co-authors: Simon Chandler, Simon Mathews,, Alexandra Anderson.

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PI ‘trading debts exclusion’ prevents claims for CFA scheme debts when ATE won’t pay *

United Kingdom - October 21 2011
A judgment became public yesterday which concerns the operation of the trading debts exclusion in a solicitors’ indemnity policy and also the scope of cover afforded by such policies more generally.

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Mortgage verification scheme to combat mortgage fraud *

United Kingdom - September 6 2011
HMRC, the CML and the BSA have just launched the Mortgage Verification Scheme aimed at combating mortgage application fraud.

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Mortgage fraud against lenders: FSA’s report on how lenders manage the risk *

United Kingdom - June 29 2011
The FSA recently published a report on how lenders manage the risk posed by mortgage fraud.

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