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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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BFCSA: New Bank data on investor loans may prompt APRA action. Don't hold your breath.

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APRA should have been more diligent on monitoring data!  F for fail!  Problem for APRA,  they have simply been passing on Bank stats to Treasury and banks lie all the time as to true stats.  So we end up with FAKE STATS and DATA.

 

 

New Bank data on investor loans 'may' prompt APRA action

26 March 2017

http://www.abc.net.au/news/2017-03-26/trump-administration-dominates-markets-apra-tightens-investment/8386974

 

Locally is also a bit light-on in terms of fresh data, although February's Reserve Bank's private sector credit survey (Friday) will be keenly watched given investor lending for property appears to have slipped from under the bank regulator's thumb and is growing rapidly again.

APRA has bluntly told the big banks they are running near the 10 per cent annual growth speed limit for investor loans.

The banks responded by jacking up mortgage rates — particularly for investors — and tightening lending rules.

Another spurt could see the lending speed limit halved to around 5 per cent growth.

Business lending will also be studied closely, but for entirely different reasons.

January was unexpectedly weak, with business credit falling for time in six months.

 

Another reverse in February's numbers could fuel suspicions conditions are weakening in business, which would be a conundrum for a Reserve Bank worried about excesses in property lending.

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Guest Friday, 28 February 2020