The Hall of Fame
Dufftopus trounces German octopus
Avid readers of the HoF may recall the April is- sue of Mortgage Intro- ducer within which in- dustry guru Kevin Duffy made several pre-World Cup predictions . These included the assertion that England would struggle, that both John Terry and Wayne Rooney were simply flat
track bullies and most tellingly that Spain would pip Holland to becoming champions. It turns out that the Dufftopus netted himself
a handsome five figure pay-out from the bookies for his soothsaying and maintains that all the fuss about Paul the German octopus is totally over- played. Duffy has pledged to wine and dine Intro-
ducer’s staff with some of his winnings and is apparently now also turning his attentions to the forthcoming domestic season and has revealed to Mortgage Introducer that he will be re-investing some of his winnings on the following sides hav- ing good seasons: Arsenal, Liverpool, Everton, QPR, Boro, Norwich and Southampton. The HoF knows a winner when he sees one and
Duffy is renowned for shaking off the shi* and coming up smelling of roses. At Christmas we’ll be reviewing his selections and see if he’s made a few more squid for himself.
Grim news from
Dragon’s den Grim news from China last month after the US was stripped of its AAA rating by Beijing-based Dagong Global Credit Rating Co.
The rating agency scooped Moody’s Investors Service, Standard & Poor’s and Fitch Ratings with its analysis. Bloomberg
reported that the Chinese outfit was uncorrupted by the system that enables developed-world debt addicts to appear fiscally clean. It rates U.S. debt AA, two levels below the top grade. “Dagong is right to turn the world of A- and Baa1 on its head even though rating China higher than the U.S. is hubristic at best,” the site reported.
The Financial Services Authority takes first place in this month’s Hall of Fame for achieving what none thought possible.
In a move that has shocked the HoF, lenders, trade bodies, brokers and even the trade media have united against the FSA’s proposals to ban some mortgage products outright. It seems the red carpet star this month is determined to slam shut the stable door after the horse has bolted.
Second place though has to go to Mortgage
Introducer’s very own Sarah Davidson and her continuing lust for fame in the mortgage market. Word reaches the HoF that after far too many sherberts at a recent awards bash Davo managed to hit a wall that didn’t actually exist. “I was just leaning backwards on to what I believed was a wall when suddenly I was flat on my arse,” a tired and emotional Davo ‘fessed up. “You should see the bruise.”
At which point the HoF made his excuses and left.
Fairy good time at West Brom I met a fairy today who granted me one wish. “I
want to live forever,” I said. “Sorry,” said the fairy, “I’m not allowed to grant wishes like that.” “Fine,” I said, “I want to die when West Brom win the premier league.” “You crafty sod!” said the fairy.
Spot the ball and win £30 of Majestic
Wine vouchers Just take a look at this photo of the mighty Aaron Lennon and work out where the football is. Photocopy the page, put a cross where you think the centre of the ball is, and send it – along with your name & address – to Nia at the address on page 3. Good luck!
Congratulations to last month’s winner, who will shortly receive £30 of Wine vouchers
Mortgage Brokers revolt at news of the FSA’s CP: 10/16 Mortgage Market Review paper on Responsible Lending
42 MoRTGAGE INTRoDuCER AUGUST 2010
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