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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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BFCSA: American Mortgage Fraud: FBI says "its the Banksters." BFCSA Members agree

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Our Australian Federal Police need lessons from the FBI.  Look at the difference in websites!.  AFP are the perfect example how not to handle mortgage fraud by treating victims with contempt and failing to investigate the Banksters.  Its all too hard for ASIC.

These scams hit us right where we live.

From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. We have developed new ways to detect and combat mortgage fraud, including collecting and analyzing data to spot emerging trends and patterns. And we are using the full array of investigative techniques to find and stop criminals before the fact, rather than after the damage has been done.

General Information
Overview
- Mortgage Fraud Reports: 2010 | 2009 | 2008 | 2007 | 2006
Response to Article on Mortgage Crisis

Key Mortgage Fraud Scams
Emerging Schemes
House Stealing
Reverse Mortgages

Distressed Homeowners
Yearlong law enforcement effort charges 530 and finds more than 73,000 victims.Details

More News & Features

http://www.fbi.gov/about-us/investigate/white_collar/mortgage-fraud/mortgage_fraud

Just the Facts: Mortgage Fraud Statistics
line
- 2011 losses: $7.4 billion in fraudulent residential mortgage orriginations (Source: CoreLogic)
- FY 12 Mortgage Fraud Suspicious Activity Reports (as of 9/25/12): 69,030 with losses of $2.6 billion
- FBI Mortgage Fraud Task Forces/Working Groups: 83
- Pending Investigations (as of 6/30/12): 2,307 with 71 percent involving losses of $1 million or more
-
Cases opened in FY 2011 (as of 2/28/2011): 245
 
Total cases opened in FY 2011: 599
- Successes in FY 2011: 1,220 indictments/informations; 1,089 convictions
- States with Significant Mortgage Fraud Problems in 2011: Florida, Nevada, Arizona, Michigan, Rhode Island, Georgia, California, Illinois, New Jersey, and New York (Source: LexisNexis 14th Annual Mortgage Fraud Report)
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Comments

  • doyla66
    doyla66 Sunday, 31 March 2013

    Duped

    Australian Federal Police are you listening, at least the FBI are trying to do something. You guys are just as guilty as the banksters for not lifting a finger and trying to help Australian citizens from this ridiculous scam. Get off your lazy butts and do something, we have all the evidence you will ever need. Contact us!

  • doyla66
    doyla66 Monday, 01 April 2013

    We have all the evidence. I don't understand it! Do something. Banks must end what they started. Easy come easy go. Extinguish all our dirty loans now.

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Guest Saturday, 14 December 2019