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Loan Modification

: Mortgage Lender Implode-o-Meter

Deutsche Bank fined for 'irresponsible' mortgages

By Implode-Explode Heavy Industries

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"Deutsche Bank has become the first financial company in the UK to be fined for "irresponsible" mortgage lending.

It has been fined £840,000 by the Financial Services Authority (FSA) and will have to pay £1.5m in compensation to up to nearly 8,000 borrowers."

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2011 (boomark / email).

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