Consumer Collections

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015.  House purchase approval were 6% lower than in April 2015.

Government proposals in the Digital Economy Bill

Government proposals in the Digital Economy Bill,  suggests switching mortgages in seven days maybe possible in the future.

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report. Out of every 10,000 mortgage applications, 84 are suspected of being fraudulent.

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business. The company claims it will service three out of every five outsourced UK mortgages (approximately 62%) totalling £73 billion

HML (Home Management Ltd) is to be rebranded as Computershare Homeloan Management

Lowell GFKL Group to acquire IS Inkasso Service (Austria)

Arrow Global to acquire InVesting BV (InVesting)

Arrow Global to acquire InVesting BV (InVesting), a debt purchaser and collections firm based in Belgium and the Netherlands, for £78.5 million (€100million)

OUTSOURCING Inc. has acquired JBW Group Limited (JBW)

OUTSOURCING Inc. has acquired JBW Group Limited (JBW) and  Case Dynamics Limited in a deal that valued the businesses at over US $34.5 million

Callcredit Information Group acquires Numero

Callcredit Information Group acquires Numero in multi-million pound deal to accelerate the execution of its product development and software analytics strategy

Shopacheck Financial Services merged with Morses Club

Gowlings and Wragge Lawrence have merged to form Gowling WLG

InvestingZone merge with Acceleris

Growthdeck merge with Squareknot