Criminals, Ministers & Help To Buy: The Mortgage Solutions News Quiz

Explanation
Brokers prize speed in a lender because it allows them to quickly and efficiently process loan applications for their clients. A fast lender can provide quicker approvals and funding, which is crucial in the competitive mortgage market. Speedy lenders also help brokers maintain good relationships with their clients by ensuring timely and efficient service. Additionally, a fast lender can help brokers close deals faster, leading to increased business and revenue opportunities.

Explanation
Janet Yellen is the correct answer because she is indeed the next US Fed chair. She served as the Chair of the Federal Reserve from 2014 to 2018, making her the first woman to hold this position. Yellen is an economist and has had a long career in academia and public service. She is well-known for her expertise in monetary policy and has played a crucial role in shaping the US economy during her tenure as the Fed chair.

Explanation
Mansfield BS has just hired its first BDM (Business Development Manager). This implies that Mansfield BS, a lender, has recognized the need for a BDM and has made the decision to hire one for the first time. This suggests that Mansfield BS is expanding its business and looking to develop new opportunities and relationships with customers.

Explanation
The UK received the biggest IMF economic upgrade among the G7 states. This implies that the UK's economic performance and outlook improved significantly compared to the other G7 countries. It suggests that the UK's economy is growing at a faster rate and has a more positive outlook for the future.

Explanation
Kris Hopkins is the new housing minister.

Explanation
The correct answer is 15,000. This means that there have been a total of 15,000 Help to Buy 1 reservations made.

Explanation
The UK National Crime Agency is targeting cyber criminals. This is because cyber criminals pose a significant threat to national security and the economy by engaging in various illegal activities such as hacking, identity theft, and fraud. The National Crime Agency aims to investigate and disrupt these criminal networks, gather intelligence, and bring the perpetrators to justice. By focusing on cyber criminals, the agency can effectively combat cybercrime and protect individuals, businesses, and the overall digital infrastructure in the UK.

Explanation
The question asks which top 6 lender has not signed up for Help to Buy 2. The options provided are Barclays, Nationwide, and Santander. The correct answer is Nationwide because it is the only option among the given lenders that has not yet signed up for Help to Buy 2.

Explanation
The average outstanding mortgage size in June 2013 was £95,883.

Explanation
The correct answer is "But deliver us from bridging". This line is in our blogger's Brokers' Prayer, as it is a plea to be saved from engaging in fraudulent activities related to bridging loans. The prayer acknowledges the potential temptation and risks associated with bridging loans and seeks guidance and protection from them.