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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: Kinghorn returns to home loans with LJ Hooker by John Maguire

Posted by on in ROYAL COMMISSION URGENT
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Don’t faint...RAMS victims of dodgy loans from the John Kinghorn 2004 - 2007 era and his

two amigo's are with him..................We will pass this news onto those who suffered so much loss.  I am sure

they will be thrilled.

 

Kinghorn returns to home loans with LJ Hooker by John Maguire

21 Apr 2016

http://www.brokernews.com.au/news/breaking-news/kinghorn-returns-to-home-loans-with-lj-hooker-214823.aspx

 

Founder of RAMS Home Loans John Kinghorn is returning to the home loans industry, with the news he is involved with plans to expand LJ Hooker Home Loans, which he controls alongside other former RAMS executives.

The new plans for LJ Hooker Home Loans include the setting up of its own funding vehicle to finance its loans. At present, it has a loan book of $5 billion with lenders
NAB and Macquarie.

Kinghorn has been on the board of LJ Hooker Home Loans since October 2015, when former
RAMS chief executive Glen Goddard also joined. Also on the board is Paul O’Regan, another former RAMS executive who is LJ Hooker Home Loans’ chief operating officer.

The company was a subsidiary of real estate agency LJ Hooker until the middle of last year. The current ownership of the business is unclear but it is thought that Kinghorn holds a majority.

RAMS nearly collapsed in 2007 when it could not refinance $6 billion of short-term debt on the international market, while in July last year Kinghorn was cleared of corrupt conduct in New South Wales after ICAC made a corruption finding against him.

Of the new developments with LJ Hooker Home Loans, O’Regan said the organisation was, “looking at a restructure and a different business model.”

He added, “We’re hoping within the next six months that we’ll be able to have a call-out line about where we’ll be going in the future, how we’ll be looking from a product point of view.

 

 

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