Hundreds of home loan borrowers are being investigated ... Westpac spokesman David Lording told Sydney Morning Herald they would "take action against those involved, including the broker, which normally results in termination". CBA's Basel III Common ...
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Westpac, ANZ #Investigating suspected #Home #Loan fraud
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Sydney #Broker cops permanent ban
ASIC has permanently banned a Sydney finance broker from engaging in credit activities and providing financial services. The corporate watchdog today announced that Ms Giulia Penna, of Five Dock, New South Wales was banned following an investigation into ...
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Hundreds of #Home #Loan borrowers being #Investigated by ANZ and Westpac for fraud after finding false Chinese income declarations
Hundreds of home loan borrowers are being investigated by ... the suspected fraud during internal investigations, Sydney Morning Herald reported. Both banks discovered hundreds of brokers had helped manufacture fraudulent Chinese income documents to ...
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Bikies using front people to obtain millions from banks using false documents
BIKIES are using mortgage brokers, real estate agents and front people with no ... motorbikes and properties throughout Sydney. In one case before the courts, 35-year-old government employee Irena Dokoza is alleged to have been a frontwoman for the Nomads ...
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Dubious foreign #Loans found by lenders who cut off those clients
The banks also disallowed the use of foreign income for such customers to qualify for a loan. The changes made by the biggest ... of these loans are ahead on repayments,” Westpac’s Sydney-based spokesman David Lording said in an e-mail.
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Sydney #House #Price growth in world's top-five
Sydney’s recent run of strong house price growth has pushed ... Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork ...
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#Commissions: Out in the open
Two roundtables held in Sydney and Melbourne brought together brokers ... The MFAA also defends commissions in its response: “mortgage broker commissions are structured in a way that ensures the broker provides professional services and assistance ...
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Supply, planning issues behind housing affordability issues
“Melbourne and Sydney are unaffordable at present but the other capital ... Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for ...
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Westpac, ANZ #Investigating suspected #Home #Loan fraud
Hundreds of home loan borrowers are being investigated ... Westpac spokesman David Lording told Sydney Morning Herald they would "take action against those involved, including the broker, which normally results in termination". CBA's Basel III Common ...
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Dodgy Chinese banks lending to dodgy Chinese property buyers?
It is now very clear why ICBC, Bank of China and China Construction Bank all opened retail branches in the best streets in the Melbourne CBD and Sydney CBD ... but there had been a rush of mortgage brokers trying to put through “shitty” applications.
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Sydney Airport is better than it looks
This allows the airport to distribute income to shareholders as 'interest' on a loan – which is tax ... It may not be a screaming buy, but Sydney Airport is a high-quality asset – and it’s in better shape than the brokers let on.
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Bikies using front people to obtain millions from banks using false documents
BIKIES are using mortgage brokers, real estate agents and front people with no ... motorbikes and properties throughout Sydney. In one case before the courts, 35-year-old government employee Irena Dokoza is alleged to have been a frontwoman for the Nomads ...
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NAB tightens lending to foreign buyers
The broker also said foreign buyers borrowing from NAB would not be eligible for any mortgage discounts and the bank would ... but are expected to be inner-city areas in Melbourne and Sydney where there is a glut of newly built apartments.
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Chinese interest in Australian real estate skyrockets
Sydney was the second most popular city, with Chinese buyers enquiring about US$8.23b worth of real estate, followed by Brisbane with US$2.61b worth of enquiries. There could be some reordering of those positions in 2016 however, following the Victorian ...
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Mortgage #Broker caught up in bikie fraud
This initiative has charged 11 people with using false loans to purchase luxury cars, motorbikes and property throughout Sydney. Mortgage brokers, real estate agents and ‘front’ people with no criminal records were those found being used by bikies.
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ASIC bans mortgage #Broker
A Sydney-based mortgage broker has been banned from credit activities for five years and had his licence cancelled by the corporate watchdog, after he put false information on ten mortgage applications. The Australian Securities and Investments Commission ...
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Western Sydney mortgage #Broker Aron Cardona offers tips for potential first-#Home buyers
LIVE at home as long as you can, buy a property before starting a family, live within your means and don’t worry about needing a 20 per cent deposit. He’s only 24 but Aron Cardona knows what he’s talking about. The Prospect resident has already ...
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Sydney #Broker reveals IPO plans
A Sydney-based mortgage broker has lodged a prospectus to list on the ASX this year. N1 Finance is a diversified financial services company with mortgage broking as its core business. The group recently made significant inroads into the technology space ...
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#Commissions: Out in the open
Two roundtables held in Sydney and Melbourne brought together brokers ... The MFAA also defends commissions in its response: “mortgage broker commissions are structured in a way that ensures the broker provides professional services and assistance ...
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YBR acquires non bank lender #Loan Avenue
Loan Avenue adding scale to its South Australia business for up to $4.1 million. The purchase adds a new lender to YBRs panel, additional broker distribution via new third party aggregators and a local sales team to extended its footprint beyond Sydney to ...
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