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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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Subscribe to this list via RSS Blog posts tagged in RMBS disaster
We first alerted Parliament 8 Aug (Hansard Ec. Committee Inquiry into Banking Post GFC) 2012 that "Government cannot, ought not to profit from a  fraud."  Two months later Government decided to sell off the AOFM's purchase of $24 billion (tax payer dollars) of potentially toxic RMBS Packages. Treasurer said: "One of our best polcies but decided to sell."  Duh!   Now read this: http://www.afr.com/p/blogs/christopher_joye/aussie_credit_is_booming_jLemvyCkEvthNRFyxC66XI Aussie credit is booming PUBLISHED: 27 May 2014 Australian credit investments are booming. On the back of the lowest borrowing rates in history and generally benign conditions across most asset classes, the cost of issuing Australian corporate bonds and selling home loans via portfolios of residential mortgage-backed securities (RMBS) is plumbing new lows.  In the words of one major bank analyst on Tuesday, “volatility is absolutely crushed for now with the VIX Index looking like a pancake”. Volatility is a measure of the probability of loss in...
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  • setup
    setup says #
    The question must be asked, "why are the banks making record profits when the interest rates have been kept so low for such a long
  • Denise
    Denise says #
    Australian Government cannot profit from a fraud!!!!! In 2008 Banks decided to no longer VERIFY incomes on mortgage loan apps whe
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