Sub-prime lender the I-Group says it is hoping to operate within the mortgage code following severe criticism from rivals that it is ducking responsibility by failing to do so.
The sub-prime lender has been widely criticised by competitors for failing to operate under the rules set out by the Mortgage Code Compliance Board.
I-Group, which previously traded as Ocwen, says it had to get its own house in order before it joined the code.
The lender says it wanted to wait and see where regulation was going before it joined the MCCB.
A company has to have been trading for more than 12 months before it can join the compliance board.
I-Group says it is a “grey area” whether it could have joined as I-Group because it had already been operating as Ocwen.
Recommended
Nuki's eye
It is the silly season and here I am away from it all in Italy, home of the perfect racing bike and ripe tomato.To say that life is good here is not enough. It is great. The villa is an old barn with a red-tiled roof that sits on a small mountain at the end […]
More lenders look to join Mortgage Trading Exchange
Software provider Mortgage Brain says it has signed up three further lenders to its proposed electronic trading platform Mortgage Trading Exchange.It is unable to disclose the identity of the lenders but says they are joining the ranks of around 20 lenders in talks with the company with a view to operating through MTE.The service is […]
When the Sipp comes in
I am 52 and do not expect to want to take all the proceeds for at least another 10 years. How should I invest the fund of some £300,000 for best effect?If you wish to take any of the fund as tax-free cash, you will have to take it now. Once you have started to […]
Skill shortage predicted to boost group PMI…
Private medical insurance specialists are anticipating a boom for IFAs as companies turn to healthcare packages as a way to attract and retain key members of staff.The trend could give IFAs an ideal opportunity to approach corporate clients about the various benefits available to their staff.As the talent pool bec- omes stretched, PMI experts say […]
Bonds going bust? Not so fast….
In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]
Most Read
- Top trends
Newsletter

News and expert analysis straight to your inbox
Sign upLatest from Money Marketing

HSBC faces legal action from 400 investors over film tax scheme
Law firm Edwin Coe has commenced litigation on behalf of 400 investors against HSBC over its role in facilitating the operation of the Disney film financing investment scheme known as Eclipse. Money Marketing first reported that affected investors including celebrities and football managers were eyeing up a landmark legal challenge 18 months ago. The legal […]

Lucy Brown: Protection providers need to go further on cancer contracts
Earlier this month, World Cancer Day raised awareness of the disease that continues to affect so many of us. There are few people who will not know someone who has been affected by cancer in some way. Cancer affects people of all ages and health types; it does not discriminate and those affected can often […]

Adrian Boulding: Drawdown investment pathways deserve another look
As part of its retirement outcomes review, the FCA has been looking at non-advised income drawdown policies; specifically, the fact too many people are leaving their savings in cash regardless of how long they intend to keep the money there for. The regulator wants customers to set out their plans for the five years ahead. […]
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.
Sign in
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.
Having problems?
Contact us on +44 (0)20 7292 3712
Lines are open Monday to Friday 9:00am -5.00pm
Comments