GLOBAL SUB-PRIME CRISIS

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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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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
    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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