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BFCSA
MORTGAGE
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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 Blog

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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https://www.businessspectator.com.au/article/2014/6/30/property/apras-inaction-brings-housing-crisis-closer APRA's inaction brings a housing crisis closer Callam Pickering 7 hours ago 30 June 2014   Is it time Australia took the plunge and introduced measures to slow household lending?   Given our similarity to both New Zealand and the United Kingdom -- from heritage, institutions and yes, housing -- it is time that we stopped being complacent and took steps to limit the potential fallout from a housing downturn.  Last week the Bank of England followed the lead of a range of other countries -- such as New Zealand and Canada -- and introduced measures which intervene in mortgage lending markets. Under the new rules, only 15 per cent of new home loans will be allowed to have loan-to-income ratios of more than 4.5 times (Will APRA follow in the BoE’s footsteps to reduce mortgage risk? June 27). This followed the Reserve Bank of New Zealand, which has already introduced...
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