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

1. Who is the UK National Crime Agency targeting?

Cyber criminals

Mortgage brokers

Investment bankers

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 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.

2. How many Help to Buy 1 reservations have been made?

9,000

13,000

15,000

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

3. Which lender has just hired its first BDM?

Auchtermuchty BS

Mansfield BS

HSBC

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

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.

4. Which top 6 lender has not yet signed up to Help to Buy 2?

Barclays

Nationwide

Santander

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 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.

5. Which G7 state got the biggest IMF economic upgrade?

Italy

Germany

The UK

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

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.

6. Who is the new housing minister?

Mark Prisk

Kris Hopkins

Nick Boles

Kris Hopkins is the new housing minister.

Explanation

Kris Hopkins is the new housing minister.

7. What was the average outstanding mortgage size in June 2013?

£95,883

£174,382

£198,389

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

Explanation

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

8. Who is Janet Yellen?

The next US Fed chair

The IMF head

The shadow housing minister

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

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.

9. Which line is in our blogger's Brokers' Prayer?

Give us this day our self-certs

Lead us not into fraud

But deliver us from bridging

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.

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.

10. What do brokers prize most in a lender?

Clear criteria

Speed

Friendly BDMs

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

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.