16 Jan, 2008
The Mortgage Business has received introductions from 167 new
packagers since the dawn of the liquidity crisis last August.
The firm says the figure includes both packagers and satellite
packagers, and further demonstrates a desire from packagers to work
with lenders who can offer them stability.
David Murphy, sales and marketing director at TMB, says: "I find it
staggering that some lenders are turning their backs on packagers
at this time. There is no doubt that current market conditions are
more challenging, but this is surely when lenders should embrace
"I'm at a loss to think of another industry when a provider
would turn away prospective clients."
He adds: "We judge new packagers on existing stringent conditions
and are delighted to start 2008 with so many new packaging partners
and a continuing 'can-do' attitude."