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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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Denise Brailey

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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BFCSA: Most Australian Mortgages sold are TOXIC loans generated by blatant predatory lending. 70% - 90% of all loans are subprime.

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 Most Australian Mortgages sold are TOXIC loans generated by blatant predatory lending.  70% - 90% of all loans are subprime.


Now Banks are trying to suggest they are "tightening policy???"

Most Mortgages sold are TOXIC loans generated by blatant predatory lending. Our evidence suggests 90% of all loans in Australia are subprime. Banks say 40%. Experts say 60% plus. We say the figure of "normal loans" is more likely to be only 10% of the TOTAL LOAN BOOKS for the Major Four Banks. So what has changed apart from the regulators mumbling they may get tough? Sheer rot and nonsense.

Australian Major Banks are so riddled with subprime they would collapse if they stopped selling their Gold Star Profit Enhancing Product known as Low Doc Mortgages and now undergoing a name change to INTEREST ONLY. Problem for the CEO's is that they ensured no consumers of this product knew their "mortgages" were the most EVIL PRODUCT ON THE PLANET. Products skillfully designed to imply they were affordable (false) sustainable 30 year loans (false), unverified (false).

Houston we have a problem: The victims and sellers did not know or do not realise until too late....these loans are INTEREST ONLY. Banks have been making giant profits from manufacturing and selling IO's and labelling them as LOW DOCS. The actual individual documents do not lie. Banks created a giant PONZI FINANCING CONTROL FRAUD.
Losses to each person is loss of financial well-being. Loss of home. Loss of dignity. Stress, hardship, illness, suicide etc.

CBA said it would no longer offer a $1250 rebate to interest-only customers who want to refinance their loan with the bank.
It will also require customers who want to take out interest-only loans to hold a 20 per cent deposit - up from 5 per cent for owner-occupiers and 10 per cent for investors previously.
Australia's lenders are being forced to reduce the amount of interest-only loans they provide under new rules announced by the Australian Prudential Regulation Authority in March.

The rules require the banks to limit their interest-only loan book to 30 per cent of total lending. Banks are telling brokers it would no longer accept interest-only applications from owner-occupiers with a deposit smaller than 10 per cent.

So our PM Malcolm Turnbull and our Major Banks intend to bury the bodies????? NEAT AS.....................


TIME FOR PEOPLE TO SPEAK OUT NOW.....................before they bury you all.


Denise L Brailey

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