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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.occupycorporatism.com/home/experts-forcing-banks-to-admit- mortgage-fraud-hurts-economy/   Experts: Forcing Banks to Admit Mortgage Fraud Hurts Economy By Susanne Posel – October 23, 2013   Dick Bove, bank analyst at Rafferty Capital Markets (RCM), warns banking institutions such as Wells Fargo, Bank of America (BoA), Wachovia and PNC Financial should be concerned about the Department of Justice (DoJ) suing JP Morgan & Chase Co (JPM) over mortgage-backed securities. Bove says that “the question that investors must ask is: ‘Will the government apply this set of precedents to JPMorgan Chase alone or will it now seek to extort funds from other banks involved in assisted mergers. ”Since “all of these banks are guilty of the same things as JPMorgan. Forget JPMorgan, the government is going to go after every major bank with the potential civil lawsuits for tens of billions of dollars.”The prediction is that “the supposed settlement between JPMorgan Chase and the government affects stockholders, job...
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  • doyla66
    doyla66 says #
    There the financial industries go again - there won't be loans to help fix the US economy - bloodbath of cases - etc etc. Good to
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 ASIC ONLY ANALYSED THREE BORROWERS?????   Refinancing was rife throughout the decade!!!!  ASIC had this info and did nothing against the LENDERS involved and KNEW they were using The Fudging Figures Program using a Fudging Machine: SERVICE CALCULATOR!  This email address is being protected from spambots. You need JavaScript enabled to view it. This report remained buried from public view............................No-one from Treasury read it!  Thanks to one of our top researchers.  Start digging into all ASIC Reports on Low Docs, Lending practices and Loan Defaults and mortgage stress and hardship.  Seven Banks involved.....yes we know All Members should be digging.....................................and reading and reading.........................what ASIC knew and when. ASIC REPORT 152  MAY 2009  1 This covered 15 lenders in total including 7 banks, 4 credit unions and friendly societies, and 4 non-banks. 2 The mortgage broker questionnaire was compiled with the assistance of the MFAA and sent to 9 brokers and broker groups, all members of the MFAA. 3 REP 119 Protecting wealth in the family home—An examination of refinancing in response to mortgage stress, March 2008,...
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  • doyla66
    doyla66 says #
    Declan Carnes ( BOQ Bank Manager) - infamous from BOQ North Ward - re Storm Financial and Doyle case with ASIC is due to be in Bri
  • Denise
    Denise says #
    Hi Kevin - none in Qld, one in SA and none in WA or TAS. Reason: NSW had Contract Review Act 1980 to protect consumers from UNJU
  • doyla66
    doyla66 says #
    Denise why is there not a huge history of success in WA like NSW as to mortgage fraud, The WASC and the WA SAT have virtually no h
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RICKO - Posted on Friday, January 24, 2014 Don't doubt yourselves fellow BFCSA Members you know the truth, I know the truth, Denise Brailey discovered the REAL TRUTH and our Government not just the present one but the one before that and the one even before that knew the REAL TRUTH. The problem being is as organza stated this news is leaching out to the rest of the world now even making a Shanghai newspaper and it wont be too long before the whispers become a shout and our Government is going to great lengths to make it look like they are in control of the situation. Nothing could be further from the truth.  Our Government is even going to the effort of setting up what to all intent and purpose looks like, on the outside, an investigation into our Banking and Finance Industry. Not at all. In fact it is...
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  • doyla66
    doyla66 says #
    Humpty Dumpty sat on a wall................
  • doyla66
    doyla66 says #
    Hi Change it was Westpac that duded us, sorry to confuse you but I am answering for Ricko as its not accepting his email to blog f
  • doyla66
    doyla66 says #
    Riko, interesting comment. I was wondering which bank duped you?
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What is the remedy for all those who KNOWINGLY fed off this monstrous period in our nation's history of WHITE COLLAR CRIME gone rampant through the Banking & Finance Sector. So how do we punish these morons that thought it OK to capture Government and all to do with their own personalized GREED.  Preying on defenseless people you targeted pensioners and low income families) who trusted your insane strategies touted as good economic management to get ahead into comfortable retirement, instead of satisfied with low income: Trust Me I am  Banker!"  NO MORE.  You coveted their only asset THEIR HOMES.  You Bankers were acting as a CARTEL: same stationary, same model of business, same chains involved, same database of directives, same use of BDM's, same governmental meetings, same targets ARIPS, same asset hunger, same greed, same contracts, same law firm, same lobbying techniques, same protection rackets........................better than any bikie could dream...
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  • doyla66
    doyla66 says #
    It's going to be a busy time if lawyers who cover up crime are in for it. In some areas of Australia not only is covering up by la
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Just be aware 36% of Fraudulent Low Doc mortgages are written up by bank staff....no broker involved.  ASIC declares open season on dodgy brokers but not on dodgy Lender approvals and acceptance of fraudulent documents.  Let the Cover Up Games Begin! ·         Australian Broker News http://www.brokernews.com.au/news/breaking-news/asic-declares-open-season-on-dodgy-brokers-182330.aspx by | 11 Dec 2013 ASIC has permanently banned two Sydney-based brokers and one former mortgage broker while announcing the conviction of another. Two Sydney-based mortgage brokers have been banned by ASIC after it was found that they had provided false information to credit providers in support of loan applications worth over $3 million. ASIC has also permanently banned  former mortgage broker Daniel Minh Tuan Nguyen from engaging in any credit activities and providing financial services following his criminal conviction for a range of offences, and convicted another, Hee Seng Lee, of providing false information to banks to secure approvals for home loans totalling almost $7.5 million. Wen Yao Hsieh (also known as Leon Hsieh and Adrian Hsieh)...
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  • doyla66
    doyla66 says #
    ASIC Deputy Chairman Peter Kell said, "By falsifying loan applications Hsieh and Shen put consumers at risk. What about ASICs trac
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AT LAST the Banksters around the world are spooked.  Shredding evidence is a criminal offence and that means they are all in panic mode.  I am sure ASIC and APRA and their pet project COSL will be doing the same thing.   American Banks have already pulled this same stunt.  Nine Attorney Generals in the States were a little miffed at the antics of banks when banksters signed stat decs saying documents were "missing." Nine Attorneys-G took the Bankers to court and won.  A victory for Mums and Dads, who were victims of TOXIC LENDING and fraud.   Judges in nine states were unanimously less than impressed with trillions of missing documents all of a sudden!  Their verdicts? "Gentlemen if you have mislaid the vital evidence belonging to the victim borrowers, then you cannot prove the loans were  prudent!  So loans are now extinguished.......next case please."  Words to effect! So if...
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  • doyla66
    doyla66 says #
    If my Bank cannot produce the ORIGINAL DOCUMENT containing MY SIGNATURE then the loan does not exist. I now have a copy of the LOA
  • doyla66
    doyla66 says #
    Agree, Nanna. How many other times have NAB said we can't find it and then the paperwork turns up after the court case and after r
  • doyla66
    doyla66 says #
    Loved to read this post. I know as do all BFCSA members this shredding game is just that, tactics to take advantage of you, me and
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Dear Mr Hockey,  Congratulations on your new role as Federal Treasurer.  In 2010, and again in 2012, you did promise a "Roots and Branch" Inquiry into the BANKING SECTOR, and we are ready to deliver the evidence members have amassed since 2008.  I can personally assure you that all our members have been waiting for this moment to arrive.  We simply need the date due to the urgency of cases.  We also ask for a freeze on all mortgages pending the outcome of the INDEPENDENT INQUIRY. I can also assure you the roots spread underground in a far wider pattern than the above ground branches show.  This is an urgent plea for all Australians with toxic mortgages who are currently battling these devious bankers.  All we ask for is a wide Terms of Reference and a fair go! Kind Regards   Denise L Brailey   President of BFCSA (Inc) Banking and...
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  • doyla66
    doyla66 says #
    Agree. Mr Hockey, congratulations on getting in. We're so looking forward to your announcement of this vital inquiry. Not just for
  • doyla66
    doyla66 says #
    Dear Mr Hockey, First and foremost, I would like to congratulate you on your recent success in the Federal Elections. My partner a
  • doyla66
    doyla66 says #
    my letter is ready to be posted. We have waited a long time for this Mr Hockey
  • doyla66
    doyla66 says #
    Dear Mr Hockey, Your promised "Roots and Branch" enquiry into the Banking Sector is sorely needed. We are all aware that Austral
  • doyla66
    doyla66 says #
    Dear Mr. Hockey, My husband and I are in total agreement with Denise. For nearly 4 years we have battled the Nab's devious and so
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