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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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The RBA is expecting a property correction Posted by Houses and Holes in Australian Propertyat 10:58am on May 16, 2014 | 6 comments    Share on Facebook Share on TwitterShare on Reddit +   Cross-posted from Martin North’s DFA blog. In an address yesterday to the CITI Residential Housing Conference in Sydney, Luci Ellis, Head of Financial Stability Department at the Reserve Bank spoke about housing in the context of the financial system. Quite a bit of the speech covered aspects of relative population density, demand and supply. However, to towards the end of the speech, she spoke more broadly. I highlight some of the statements in bold. “Our low-density cities have developed out of a postwar vision of Australian cities, of detached houses on quarter-acre blocks. State and Federal War Service Homes programs were designed on that vision; planning regulation enforced it. As a mode of living, low-density suburbia has its advantages. But it does mean...
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  Total Housing Lending Now at $1.33 Trillion – RBA By Martin North | February 28, 2014 - 12:40 pm The RBA released their Financial Aggregates to January 2014 today. It shows that Investment and Housing Lending reached $1.33 Trillion. Investment loans account for 32.9% of all loans, the highest ever recorded.   This is a different view from APRA’s because it accounts for all lending, not just ADI’s (Banks) which APRA reported recently at $1.17 trillion against the RBA’s 1.33 to December 2013. The gap relates to non banks and “other” ADIs and includes securitisation.   It shows that non-banks overall are writing less business today, in fact it has been falling steadily since the GFC. Mind you, there are some important deficiencies in the non-bank sector as we highlighted previously. The data I would like to see is the LVR ratios for the non-banks, but this data is not collected.   The other interesting observation is that if you take a long trend...
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  • doyla66
    doyla66 says #
    Chinese buyers are expected to purchase $44 billion worth of Australian residential property over the next seven years, according
  • doyla66
    doyla66 says #
    The Asia crisis repeating itself all over again along with a different slant! This time in wide screen and technicolour of the mo
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  The banks have the government pretty well licked, as you know. Tame as can be, those assorted regulators, bureaucrats and ombudsmen. But will somebody please tell the Tuggerah Lakes police that the banks are above the law. There seems to be a misapprehension by the local constabulary that the banks are somehow subject to the laws of the Commonwealth. It is a mix-up that surely will be remedied in short order. In the interim, detectives from Tuggerah Lakes police station are investigating St George Bank. And Westpac, which owns St George, has begun to assist. They didn't like it at first, and refused to comply with a magistrate's warrant, then dragged the chain on a judge's warrant but, when confronted by police with a contempt of court rap, lapsed into avid co-operation. Unfortunately, the man they blame for the missing loan documents at the centre of the Tuggerah Lakes police...
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  • doyla66
    doyla66 says #
    Tom I think you were just being a little harsh on Gail Kelly I feel sure she was doing the homeless thing for the right reasons an
  • doyla66
    doyla66 says #
    The big difference on the streets is the notional freedom. The choices are limited but for some that's preferable to a jail cell.
  • doyla66
    doyla66 says #
    What a superb tale! Naughty banks and clever cops - busting open the Bankster shennagins and machinations. All in a day's work at
  • doyla66
    doyla66 says #
    Just another sordid tale of the lenders greed. It is amazing the different cases that keep cropping up all the same ending. Lende
  • doyla66
    doyla66 says #
    Michael West (save Mark Twain) superbly puts into context how bank$ters got "rich-quick" digging up $100m FRAUD NUGGETS while home
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