Since that time a lot of regulation has been
placed on the banks lending practises but have no fear the banks have a plan.
Not exact matches
The
banking regulator has announced plans to remove the cap it
placed on property
lending to investors three years ago in response to booming borrowing levels and an overheating property market.
It also recognized the desirability of moving away from the Anglo - Dutch - American system of «merchant
banking» based
on short - term
lending against collateral in
place, or for shipping of goods already produced.
Policy - makers need to consider carefully the cumulative price tag of all the demands the government is
placing on the
banking sector - and remember that money spent, or tied up, can not be
lent out to businesses and individuals.
It also put guidelines in
place that would make
banks and
lending institutions more transparent about their risk assessment of borrowers and encouraged new mechanisms to monitor and cut down
on cases of identity fraud.
CMS and Gateley are among nine new firms to have won
places on Metro
Bank's
lending and securities panel.
The rising market in the years prior to 2008
placed a huge demand
on surveyors to provide valuations for secured
lending purposes, and when the market dropped and many borrowers defaulted, that left valuers as the obvious target for claims by the
banks to try to recover their funds.
In a unanimous 5 - 0 ruling, the court's decision said that
banks and
lending institutions had «to be vigilant when making mortgages, and
places the burden of fraud
on the party that has the opportunity to avoid it — rather than
on the innocent homeowner who played no role in the perpetration of the fraud.»