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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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http://www.abc.net.au/news/2014-04-17/kohler-the-good-bad-and-ugly-of-rmbs-resurgence/5396428 The good, bad and ugly of RMBS resurgence The Drum By ABC's Alan Kohler Updated 17 Apr 2014 The mortgage-backed securities market is booming and bodes well for bank competition. But it's driving house prices higher and making it even harder for first homebuyers, writes Alan Kohler. After five years of near death, the residential mortgage-backed securities (RMBS) market in Australia is roaring back to life, which is both good and scary.  Good because the banks might finally get some competition from non-bank lenders again; scary because the resurgent supply of prime and subprime mortgage money from yield-hungry investors is not being matched by the supply of new land to lend against, so it's just driving house prices higher.................We are seeing two quite different markets being mixed together: one for credit that is active and plentiful (call this one nitro) and one for land that is short (call it glycerin)....
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    setup says #
    The property prices have gone through the roof and are unrealistic. This generation have to work for the rest of their lives to pa
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Alan Kohler is a Hero:  Retirement Village Rorts (remember Ted Sent and Prime Trust debacle?) This was something we investigated and reported to WA State authorities in 1999.  Retirees being ripped off after death.  This is a massive rort run by Developers and friendly Banksters.  Royal Commission into Banking and Finance is sorely needed.  Now in 2014 the same scams keep popping up in every state in Australia.  Consumers of property and/or financial products left to defend themselves but this takes the cake!!!!  Beneficiaries better start telling us their own horror stories..........call me! Message loud and clear: Stay away from Retirement Villages and stay in control of your finances.   This email address is being protected from spambots. You need JavaScript enabled to view it. The great retirement rort   ALAN KOHLER  9 JUL, If the government is looking for a way to redeem itself in the eyes of the nation’s ripped-off retirees after the CBA financial planning fiasco and its pro-bank FoFA amendments, I have just...
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