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BFCSA
MORTGAGE
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What BFCSA Does...

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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Good onya Joe - blame the consumers for being spruiked with bad financial strategies into unaffordable LIAR LOW DOC LOANS by GREEDY bankers using fraud, forgery, and buffer loans to mask unaffordability on a grand scale.  Yes indeed, cover up for the banker wankers - that'l work!  It will go down a  treat with the aggrieved consumers who are about to be thrown into the streets when four years ago they owned their own homes and no debt. You then say to them: "why don;t you manage your budget?"   Are you seriously embracing political suicide Joe? Question Mr Treasurer:  "Did you receive 2% loans by any chance?"  The plot deepens. http://www.lawchat.com.au/wp-content/uploads/2014/08/Hockey-ABC-interview-cars.pdf  .................PRESENTER: You’re listening to Treasurer Joe Hockey on 612 ABC Brisbane Mornings. Moving on, away from the Budget discussion. Yesterday we heard about some of the big banks facing the country’s biggest class action aimed at recouping hundreds of millions of dollars in unfair late fees...
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  • setup
    setup says #
    Joe Hockey has no sympathy for the vicims of banking crime. That's plain to see. He has the "i'm alright Jack too bad about you"at
  • Denise
    Denise says #
    How many houses do you own Joe? Are they all mortgaged up to the eyeballs? Watch for the Bubble bursters Joe. Did you receive 2
  • Aries
    Aries says #
    Hockey know full well all about this fraud.
  • NABbed Nanna
    NABbed Nanna says #
    Mr. Hockey must have his head in the sand and his ears stuffed with cotton wool. He is not listening, he is turning the tides on u
  • Aries
    Aries says #
    Joe Hockey would know about the forgery and tampering of the loan documents. He was just glad the presenter didn't bring it up. D
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Frightening Loan to Income ratio's on mortgages in the United Kingdom.   http://blogs.telegraph.co.uk/finance/jeremywarner/100027450/another-boom-and-bust-in-the-housing-market-is-inevitable-without-more-radical-reform/ Another boom and bust in the housing market is inevitable without more radical reform By Jeremy WarnerEconomics Last updated: June 13th, 2014 Perhaps the biggest UK economic policy failure – or rather, oversight – of the past thirty years, is the inability of successive governments to get to grips with the boom and bust of the housing market. Since the war, we have seen at least three major cyclical busts, and countless smaller ones. New measures announced in Thursday's Mansion House speech are welcome, and perfectly fine as far as they go. But they fall dramatically short of a complete solution. There are two underlying reasons for the deficiencies of the UK housing market. One is the powerful vested interest which has built up around Britain’s restrictive planning laws, making development both extraordinarily expensive by international standards and...
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To:  Federal Treasurer Hon. Joe Hockey and Minister for Finance Sen. Mathias Cormann,  What are you prepared to fork out for aggrieved Older Australians caught in:- a) Retiree Bad Banking Advice and Strategies from Banker Engineered scams =  LOSSES of retirement funds? b) Pensioners and low income families - victims of Low Doc Mortgage  Lending scandal = LOSS OF HOMES? When is the inevitable ROYAL COMMISSION INTO BANKING products and services and superannuation scams likely to start please? http://policiesandregulatorycompliance.banking-business-review.com/news/bofa-offers-13bn-to-settle-residential-mortgage-disputes-170714-4319720 BofA offers $13bn to settle residential mortgage disputes BBR Staff Writer Published 17 July 2014 Bank of American (BofA) has reportedly offered to pay $13bn to the US reglators to resolve the long running defective residential-mortgage-securities sale investigations.  Sources familiar with the negotiations were quoted by The Wall Street Journal as saying that a meeting between the bank lawyers and the US Department of Justice (DoJ) aimed at settling the matter ended without any progress.  While...
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http://www.standard.co.uk/news/london/london-bank-executive-who-moved-to-us-shot-his-wife-dead-before-killing-himself-9596515.html Thursday 17 July 2014   JP Morgan bank executive from London shot his wife dead before killing himself in the US   A bank executive from London shot his wife dead before turning the gun on himself.  Julian Knott, 45, an executive director for J P Morgan, shot 47-year-old Alita repeatedly, police said................. The father-of-three was found dead alongside her in their home in Jefferson Township, New Jersey, on Sunday. He had worked in the City for almost 20 years before moving to the US in December 2012.  Mr Knott joined J P Morgan as a network services manager in 2001. He moved to New Jersey when he was promoted to be executive director of the global network operations centre.....................In a statement, police said: “Preliminary investigation has revealed that the two adults died as a result of gunshot wounds and the incident has been determined to be a murder/suicide. Julian...
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Bank Mortgage Fraud is a world wide phenomena....so what are we to do about that.  Numbers?  There are many more victims of Bank Fraud than there are banks but why is there a startling LACK OF PROSECUTIONS against Bankers for this criminal activity run by the Banking Cartels? No one Banker prosecuted in Europe, USA, Ireland, UK, Greece, Spain and Australia.  Why not?  If any one of us robbed a bank of a few thousand, the police would be breaking down the front door.  Are our Bankers above the law?  A secret bankers protection racket?  Why? And what are we all going to do about this world wide problem our children are no facing?  The evidence of foul play is overwhelming. http://www.blacklistednews.com/GAO_and_Wall_Street_Journal_Whitewash_Huge_Criminal_Bank_Frauds/34874/0/0/0/Y/M.html GAO and Wall Street Journal Whitewash Huge Criminal Bank Frauds April 30, 2014 By Bill Black, the author of The Best Way to Rob a Bank is to Own...
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If ever you needed proof of why these NCCP is unworkable its this:  Consumers are left at the end of dangling wrangling ropes between the Brokers, Bankers and Dumb ASIC.  Medcraft is in charge of this dog's breakfast and NO CONSUMER PROTECTION has taken place before, since or during the NCCP discussion and inception meetings.  Now one knows what they are supposed to be doing.  Buyers contemplating asking for a mortgage or refiannce: DON'T, as the RISKS will leave you utterly unprotected.   Read why the Broker Industry says so..............................and we agree:   "NO ONE KNOWS THAT THEY ARE DOING."  SO ITS BACK TO BUYER BEWARE................................DANGER AHEAD.  Whatever you do as a consumers never ever sign a Low Doc Mortgage High Risk, High Cost Loan...............................ITS A KILLER LOAN. Government given the hurry-up by MFAA by Calida Smylie | 20 Mar 2014   While the Treasury recently announced the government does not intend to proceed...
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