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BFCSA
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MORTGAGE
DISTRESS SOS
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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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Whistleblowers' Corner!
"Confidentiality is assured."
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Lee Doyle
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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Denise Brailey in the APH Senate Tomorrow
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Here is the link again to watch the Session tomorrow
Senate, Economics References Committee (Inquiry into the post-GFC banking sector)
Looking forward to a great day!
http://www.aph.gov.au/News_and_Events/Watch_Parliament
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Comments
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Tuesday, 07 August 2012
Thank you...Good luck everyone..have a restful sleep big day tomorrow!
signing out! -
Tuesday, 07 August 2012
End to Securitisation
Hi All,
I've misplaced my login password so am posting in rely to STM.
I came across a prospectus from ANZ dated 2011 regarding the sale of 20 billion dollars worth of deposit bonds. The securities for these bonds sold worldwide are ANZ's Australian residential mortgages (via perpetual mutual)
These securities are OUR mortgages.
On page 23 of the prospectus, which I will email to Denise, is a statement that APRA has powers to intervene and stop banks from issuing these deposit bonds if the ADI (bank) is conducting its affairs in an inappropriate manner or in a way that causes instability to the Australian economy.
Upon reading this I realise it has given us a further course of action. I personally will be lodging a complaint with APRA in regards to the banks behaviour effecting the above situation, and demanding that they commence investigation into the banks practices and immediately suspend their right to continue issuing these securitised bonds.
The message to the banks is this "you cannot use illegally gained securities to further your own profits especially after you have loaned illegally, drained dry and financially destroyed us in the process".
Thanks, STM
I wonder how long it will take for the work done by Denise to find it's way into debates and question time in the House of Reps?