The Financial Services Authority (FSA) is threatening to fine banks and building societies that are heavy handed with homeowners who fall into arrears with mortgage repayments.The regulator has written to the chief executives of mortgage lenders, giving them until 31st January to review their policies. The FSA’s managing director of retail, Jon Pain, explains that [...]

More: Unfair lenders face FSA wrath

Banks need to layoff, especially as the Government can't even fund their projects at the moment!

I know they are allowing a 3 month period before a repossession of a property takes place.