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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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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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Subscribe to this list via RSS Blog posts tagged in Macquarie Ghosts   April 17, 2014 - 12:38PM Anthony Macdonald The federal government has appointed Deutsche Bank, Goldman Sachs and Macquarie Capital to float private health insurer Medibank Private, after receiving pitches from 11 investment banks.  In a statement on Thursday, Finance Minister Mathias Corman said the three banks would be responsible for managing Medibank's initial public offering, including both the retail and institutional offers................The appointments come after eleven investment banks pitched for the joint lead manager roles in Canberra last week. Independent adviser Lazard, law firm Herbert Smith Freehills and Ernst & Young, who prepared a recent scoping study for the government, also had their contracts extended through to the time of the sale.  The government said other banks may be appointed as joint lead managers in the future, along with retail brokers. Read more:
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Mackers just loves targeting Asset Rich but (very) Income Poor ("ARIPs") because its lucrative business for them and shareholders BUT its amoral and fraught with RISK OF LOSING HOME in 7 short years.  Low Docs guaranteed to lose your own home in 5 years.  The Bank Sharks are back.   THE ugly side of risks to reverse mortgages – interest rates are higher than average and debt can quickly rise.  Ask BFCSA Members what they think Reverse mortgages back in vogue Australian Broker News by Calida Smylie | 14 Mar 2014   The move by two major funders to offer reverse mortgages again is an indicator the market is picking up since the global financial crisis, the general manager of a mortgage servicing company said.“When reverse mortgages coming back that’s when I know the market’s coming back. Because funders willing to fund reverse mortgages means the cost of funding is coming down and they...
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  • Denise
    Denise says #
    Dumb Brokers do not understand the product!!!! They sell them to their own parents! I know. Banks sell product to its agent bro
  • doyla66
    doyla66 says #
    disgraceful.. ad CBA is all over it!! It was only in 2012 that Sentinel had no money, until CBA came to the rescue....... In 2012
  • doyla66
    doyla66 says #
    Here we go again! Brokers door knocking their way to bonuses and overseas trips on the backs of the vulnerable ARIPs! Please every
  • Denise
    Denise says #
    Good One Mackers. You Bad Boys must be getting desperate. Vulnerable Senior Citizens targeted to release equity in the homes and
  • Denise
    Denise says #
    I hope Macquarie is telling their shareholders they are profiting from fraudulent high risk products. [email protected]
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