Mortgage Archives - The Industry Spread

FCA Changes Mortgage Advice Rules to Encourage Consumer Choice

May 11, 2019

The Financial Conduct Authority (FCA) has today published proposals for changes to its mortgage advice rules which will help to give consumers more choice in how they buy a mortgage.The proposals are one part of a package of remedies from the Mortgages Market Study, published earlier this year, which aims to encourage innovation and make it easier for customers to find the right mortgage.

Growing Volume of eNotes Signals Surge in Digital Mortgages, According to Merscorp Holdings, Inc. (MERS)

April 16, 2019

ntercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and its subsidiary MERSCORP Holdings, Inc. (“MERS”) today announced that the number of eNotes added to the MERS® eRegistry during the first quarter of 2019 exceeded the total number of eNotes registered for all of 2018. An electronic note, or eNote, is the functional equivalent of a paper promissory note when created in conformity with eCommerce law requirements, and upon origination, is registered on the MERS® eRegistry.