View more on these topics

Fitch upgrades HML’s special servicer rating

Fitch Ratings has upgraded HML’s residential mortgage special servicer rating and has affirmed its primary servicer rating.

HML’s special servicer rating has been lifted from RSS3+ to RSS2- while its residential mortgage primary servicing rating remains at RPS2+.

Fitch says it upgraded HML’s special servicer rating due to “high levels of industry experience of senior management and the continued improvements to operational performance surrounding the management of defaulted mortgage loans”.

HML has suffered a number of high-profile account losses in the past year and has shed 12 per cent of its workforce over the past 12 months through redundancies and office closures.

In December, Money Marketing revealed GMAC-RFC was to bring admin of its £3.6bn mortgage book in-house. In January, Nationwide Building Society decided to administer its own £2bn combined mortgage book.

However, Fitch says this has not affected service levels.


The big political pension issues

Pension policy will be a major talking point as the main political parties gear up for the conference season. By Rachael Adams

Aldermore launches 100% LTV mortgage

Aldermore has launched a family guarantee mortgage, available up to 100 per cent LTV. The mortgage has a three-year fixed rate of 6.48 per cent and parents, step-parents or grandparents will be asked to provide a guarantee secured against their residential property for the amount of loan above 75 per cent LTV. The family guarantee […]


ABI lobbies FSA on delay to legacy commission ban

The Association of British Insurers has written to FSA chief executive Hector Sants to push for a delay in introducing the ban on legacy commission. Money Marketing reported last month that the ABI, Aifa, and the Investment Management Association are understood to be working on a combined response to the legacy commission issue as part […]


How much of a scandal are interest rate swaps?

An exposé into interest rate swaps products caught my attention earlier this week. Sky News reported it had uncovered evidence of products being sold by banks to guard against interest rate rises on loan repayments, but which require customers to pay fees to the bank when rates fall. Sky explained that the products, known as […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm