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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: BIG BANKSTER REVEAL Part I - Emails from Banks to Brokers AFG first: we win you lose!

Posted by on in BANKSTERS
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To all Brokers Australia and NZ : show us your emails and become the good guys.

We want you to finally have your chance to rat on the Banksters.  The originals will be loaded up to our Library shortly.  This is but a small sample........and its Christmas........

(ANZ you are next)


BANK EMAILS:  to all linked brokers across Australia


AFG   21 May 2004   CIO to all brokers

To all members not using FLEX……Electronic Lodgement has arrived.

Lenders support: ANZ, Macquarie, ING, CBA


AFG   17 March 2006   BDM to all brokers

Lo Doc 95% LVR

ABN is required for 2 years

Must be registered for GST

Regulated or Unregulated

Purchase and refinance

CBD apartments acceptable

Cash out limited to $125,000 conditions apply

[“Must not be distributed to customers”]


AFG  MM   7 April 2006   BDM to all brokers

Lo Doc Term Loans

Maximum 80% LVR

LMI paid by Funder


LOC available

100% off set account available

[How can it be PAYG if self /employed????]


AFG MM   24 May 2006   BDM to all brokers

Up to 100% of purchase price

Capitalise LMI premium up to Max LVR of 102.5%

No genuine savings required

Redraw available (max of $2000)

Cash out/ refinance/ construction loans


AFG   14 July 2006   BDM to all brokers

Borrow up to 105% LVR


No genuine savings required


AFG   20 July 2006   BDM to all brokers

‘Why invest in property?  The long term average growth rate for Australian residential property is about 9% per annum.  Take investment view over 10 year period.”


 “Can you book me in asap to meet with you and your team as I want to present you with our new Mobius Loans.”


AFG,  Macquarie, ING   26 July 2006   BDM to all brokers

No ABN or registration of GST required.

Maximum loan size of $1.5 million up to 75% LVR

No LMI up t6o 75%

Free re-draw

Regulated and Unregulated.


AFG   28 July 2006   BDM to all brokers

“Under PUMA Loan we will need ABN for one day, don’t disclose any A & L or income. Is that any good for you?”



AFG   MM 12 September 2006   BDM to all brokers

PAYG Lo Doc 80% LVR


No Doc 70% LVR

Max loan $1.5 million

LVR 105% no genuine savings required AFG MM Innovation



AFG & PERPETUAL  4 April 2007   BDM to all brokers

AFG Mortgage Management has now launched its own range of Home Loan Products.  Product specs, service calculators are all available online.

Attached:  “Acknowledgement of Reliance on Information provided by the Borrower.” Form

Self employed – Personal Income.

Do not complete income for “stated income 70 loans”

“I have requested Perpetual to not require any documentary evidence of my income or A&L.”

“That Perpetuals have relied on the information contained in the application for finance (The LAF), in order for Perpetuals to assess my ability to make loan repayments and approve my LAF.”

“That neither Perpetual or the Mortgage Manager have independently verified the information provided by me.”

“And declare that the information provided by me in the LAF is true and correct and I can afford to make the relevant loan repayments in accordance with the loan terms and without any undue financial hardship.”

[attached Finance Brokers Contract WA issued via AFG first issue January 2006]


AFG SECURITIES   29 March 2007   BDM to all brokers

100% LVR loans available

Capitalise the LMI premium with Low docs and No Docs

No Docs 70% LVR

Low Docs 80% LVR


AFG MM   1 November 2007   LPO direct communication with broker

“We require copies please…...”


AFG   17 December 2007   BDM to broker

Our Number one loan writer in WA – we have allocated an extra gold ticket for South Africa (5 star trip).   Well done and thank you.


AFG MM   4 February 2008   MRM direct communication with broker

“We require signatures on Flex Licence Agreement…...”


AFG   14 April 2008   LPO/CA to particular broker

“Before we continue with the assessment we will require the following…..”

[This demonstrates the bank employed LPO’s were in direct contact with Broker.]


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  • doyla66
    doyla66 Tuesday, 04 December 2012

    When we requested copies of our LAF from our Broker back in July 2012, he wrote... " We are no longer operating as brokers and all files were destroyed as required under privacy provisions. Original applications may be available from the lenders files"....

    How many other Brokers were instructed by ??? to do the same

  • doyla66
    doyla66 Tuesday, 04 December 2012

    Keep posting info like this Denise, we all love it, but the poor Brokers cringe and can't sleep! Banks get even more worried. Just a matter of time, and playing with the victims like Cats do.

  • doyla66
    doyla66 Thursday, 06 December 2012

    FRAUD. We had never met anyone from AFG & never dealt with anyone from AFG, yet We found out that AFG were paid commission by the CBA for brokering our Home Loan in 2007, WITHOUT OUR KNOWLEDGE & WITHOUT OUR AUTHORISATION!

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