Bank driven MORTGAGE FRAUD is rife in Australia.
Enter the property zone at your peril!
BFCSA RESPONDS to comments from Mortgage Victims on www.facebook.com/BFCSA/
Over two million families caught in mortgage FRAUD timebomb worth over $400 billion and generated by Seventeen Bankers.
We understand your pain, frustration and suffering Greg King and all at the hands of BANKERS. Its a National disgrace as yes these loans ere transferred back and forth like ping pong balls between the major Players to confuse the situation and allow the Liberals to pretend the victims caused the fraud, the victims deceived the banks, the banks are innocent.
The BIG QUESTION will be in the ROYAL COMMISSION......"How is it that all these mortgage borrowers who do not know each other and are divided and conquered ALL FOUND THE IDENTICAL FRAUD on the same bank generated documentation?"
The Major Banks all act as a CARTEL and set up these disgraceful mortgage loans to fail within less than five years. THAT WAS THE GRAND PLAN. Sellers of products (bank managers and brokers) were set up by the bankers to eventually take the blame when shxx hit fan. TWO MILLION AUSTRALIANS are caught up in this Mortgage Nightmare and do not see the fraud as being a CONTROL FRAUD RUN BY BANKSTERS. Its the biggest scandal that has ever hit this nation. BFCSA has finally fitted all the pieces of the jigsaw together and we can now see the BIG PICTURE. Australian Bankers created the PROPERTY BUBBLE and forced the next two generations out of home ownership and then went after Pensioners and Low Income families (mostly aged 55 plus whose working life was coming to a close).
Bankers conducted wide spread and systemic LOOTING and ASSET-STRIPPING activities on those chosen people who had worked hard for two decades to save and own their own homes and were DEBT FREE. Along came the Bankers on midnight raids to steal their homes. BFCSA Banking & Finance Consumers Support Association has been collecting the evidence for close to two decades. We KNOW what the Banksters did. We know the cover-ups were systemically implemented by the Coalition - the Liberals and the NATs. That is why Australian Labor Party has no problem in exposing this carnage via a properly constructed wide TOR ROYAL COMMISSION into the entire Banking and financial system.
EVERY (11 page) LAF is presented as only 3 pages to hide the fraud.
EVERY MORTGAGE is approved by a ROBOT.
EVERY loan is left UNVERIFIED and intentionally so.
EVERY INCOME was fudged and calculated by a BANK ENGINEERED SERVICE CALCULATOR to send false incomes into the stratosphere....without the knowledge or authority of the victim mortgage borrowers.
EVERY LAF is filled out by sellers. Consumers NOT permitted to fill in their own forms to ensure slight of hand FRAUD. Consumers suspect nothing.
Sellers of sub prime loans are taught to use the bank generated INCOME PROJECTION (fake and forged income) onto the LAF in the sellers own handwriting. No copy is to be provided to the client and the instructions to bank managers and broker agent sellers is clearly marked on the secrets documents: DO NOT SHOW THE BORROWER. FOS is then paid $34 million per year to bury the bodies. ASIC DOOM LOOP ensures that all complaints to ASIC are responded with "GO TO FOS DOOM LOOP." FOS can hand out $312k max compo when average LOSS is a known $500k. All FOS Determinations suggest an average $20,000 (up to $60k is rare) "discount on the mortgage" in a TAKE IT OR LEAVE IT, bugger off, we are closing your file...letter!
CONSUMERS WANT FOS bank generated system DEMOLISHED. Professor Ian Ramsay wants to save, resurrect and renew FOS as paid for by ASIC and in the Bankers best interests.
The Banking Sector has become the largest CRIME SCENE we have ever encountered in our 247 year history. BFCSA is endeavoring to wake up the nation to the tragedies that are looming as the property market teeters on the edge. BIG TIP: Thinking of asking for a mortgage this weekend.....DON't. Wait until after the Royal Commission and watch property markets plummet.
Denise L Brailey denise@bfcsa.com.au