The FSA has taken action against two mortgage brokers for reckless business practises that allowed false and misleading mortgage applications to be made to lenders.
Ngozika Louise Ogboru, of Harrow-based mortgage broker J N Finance (UK) Limited, has been banned from carrying out any regulated activity and would have been fined £65,000 had it not been for evidence that the fine would have caused serious financial hardship. Ronald Winton, of Mortgage Healthcare Limited in Dundee, has been fined £31,500 and banned from holding a senior position in a financial services firm for two years. Ogburu was found to be running her business in an incompetent and irresponsible manner that allowed other advisers to commit mortgage fraud. The FSA investigatio...
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