Verso links up with the Mortgage Next network

Article Abstract:

Britannia Building Society's Verso unit and Mortgage Next have entered into a deal which will allow the latter's brokers to proffer mortgage cases to the former on a direct basis. Mortgage Next is the UK-based mortgage brokers network while Verso specialises in processing mortgages. The alliance will come into effect from 1 August 1998 and will allow faster processing by Verso and mean that Mortgage Next brokers need not pay admin, submission, membership or submission fees.

Comment:

Enters into deal w/ Verso to allow the former's brokers to proffer mortgage cases to latter on direct basis

Mortgage Bankers, Real Estate Credit, Mortgage banks, Verso, Mortgage Next, Article

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UK: EMX CONTINUES TO TRY FOR JUPITER SIGN-UP

Article Abstract:

EMX is continuing its efforts to sign unit trust company Jupiter up on to its electronic trading platform. EMX has managed to secure 54% of the unit trusts market, however, Jupiter has refused to sign up or invest further funds in the project.

Use of materials & supplies, Functions related to deposit banking, Other Telecommunications, Money Transfer Telecom Services, Electronic funds transfer systems, EMX, Jupiter Corp.

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UK: INDEPENDENT BODY TO INVESTIGATE FSA COMPLAINTS

Article Abstract:

An independent commissioner has been appointed to look into complaints made against the FSA, including alledged maladministration, bias, negligence and lack of integrity. The commissioner can recommend compensation for affected parties.

Government regulation (cont), Public Administration, Government

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