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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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Denise Brailey

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: ASIC has another attack of the "willbees." Housing Affordability a disaster, thanks to lack-lustre regulators and bank engineered Property Boom

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ASIC having another attack of the “will bees”  They “willbee” cracking down on “lending practices”……………………………………hopeless

How many Bankers have ASIC OFFICERS interviewed the past decade and took action against?  ZILCH  

When will the Treasurer get tough with ASIC and APRA?


Market Watch: Capital needed as property booms

by John Maguire | 29 Apr 2015


·         Market Watch: Low interest rates should stay says REIA1 comments

The Real Estate Institute of Australia says there should be no need for interest rates to be increased in the medium term… Consumer confidence index falls to 8-month low… Shadow treasurer says housing affordability is not confined to Sydney…

The National Australia Bank says it doesn’t expect the RBA to make a cut in interest rates next month... Stockland boss foresees “golden decade” of housing growth… Renovations set to struggle this year… Foreign investment is important to Aussie property industry…

A new report warns affordability for housing has eroded in Australia's two biggest cities... RBA: Aussies taking advantage of low interest rates... Reverse mortgage scheme ‘key’ to pension reform...

·         2015 Non-Major Bank Roundtable

·         2015 Top 10 Franchise Brokerages

·         2015 Young Guns

PIMCO: More Australian Bank capital needed as property booms
According to an article from Bloomberg, the Pacific Investment Management Co. (PIMCO) says regulators should consider pushing banks to issue equity capital to protect against risks of a property boom, which is causing troubling times for regulators to lower interest rates.

With the Australian economy facing significant risks to the property market and consumers who take absorbed a huge amount of debt, Robert Mead, head of portfolio management in Australia, is saying that banks should sell shares to improve the balance sheets of mortgage lenders, which would ostensibly assist in deleveraging the country’s economy, according to Mead.

The RBA recently held its overnight cash rate target at a record-low 2.25 percent this month. Mead added the potential ramifications from a housing bubble may be a reason for the policy makers to resist more rate cuts as they seek to guide the economy’s transition after a mining boom.

“The Australian economy needs to rebalance,” he said. “The RBA must not be sidelined due to property market exuberance from playing a central role in helping this occur.”

Ditch the coffee to hit peak performance

Foreign buyers fuelling demand for Australia’s most expensive homes 
Foreign buyers in Sydney and Melbourne have helped drive a steep spike in turnover for the country's most expensive homes, according to property group Ray White. A record 19 homes valued at more than $15 million each changed hands in Sydney during 2014. 

The properties, which included the former home of Ron and Odetta Medich which sold for $37 million, and hilltop mansion Villa del Mare which went to a Chinese billionaire for $39 million, sold for a combined value of $433 million.

According to the article in the Australian Financial Review, almost 75 per cent of homes selling for more than $20 million went to foreign buyers.

"The increase in foreign investment activity has resulted in a sizeable increase in high-ticket property changing hands with the volumes increasing," Ray White Commercial research director, Vanessa Rader, said.

Melbourne achieved 74 sales of more than $5 million in 2014 while Queensland also recorded a "sizeable increase" in the number of big-ticket transactions with 33 sales in 2014 above $5 million, mainly in Brisbane and the Gold Coast.

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Analyst: Regulators will crack down on lending practices 
An analyst estimates regulators will crack down on lending practices, as property prices across major cities like Sydney and Melbourne continue to soar at almost record-levels.
"More importantly house price multiples have also expanded with median dwelling prices in Sydney now 10.3 times median household disposable income," Jonathan Mott said in a research note to clients, as quoted in Fairfax Media.
Dwelling values jumped 57 per cent in Sydney and 42 per cent in Melbourne since the pre-crisis levels of 2007.
The Financial Review reported among the banks that emerge to be big winners of the property boom, mortgage lender Westpac appeared to be on top of the investment property category with a $143bn loan book. Commonwealth Bank of Australia has the overall largest owner-occupier loan book at $230bn. Read more here



Denise L Brailey


President of BFCSA (Inc)

Banking and Finance Consumers Support Association (Inc)

This email address is being protected from spambots. You need JavaScript enabled to view it.

Mob: 0401 642 344


Ph: 08 9631 1488

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  • Wayne
    Wayne Thursday, 30 April 2015

    THE co-owner of a controversial Bank of Queensland branch in Townsville has admitted his staff falsely witnessed loan applications on a regular basis. "HELLO" ..ROYAL COMMISSION on

    Reply Cancel
  • Wayne
    Wayne Friday, 01 May 2015

    ASIC's revelations just a few weeks ago that some institutions have charged clients for advice never provided suggests not all of the skeletons are out of the closet. AUSTRALIANS ALREADY KNOW THAT.. SO LETS HAVE A ROYAL COMMISSION..

    Reply Cancel
  • Wayne
    Wayne Friday, 01 May 2015

    ASIC's revelations just a few weeks ago that some institutions have charged clients for advice never provided suggests not all of the skeletons are out of the closet. AUSTRALIANS ALREADY KNOW THAT.. SO LETS HAVE A ROYAL COMMISSION..

  • Wayne
    Wayne Friday, 01 May 2015


  • Wayne
    Wayne Friday, 01 May 2015

    just after APRA warned it will act soon on bank capital requirements. Lending to investors increased by 0.9% over March. "GREEDY GRUBS"

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