Oh dear, sound familiar?
From Banking Day:
Lenders are refusing to give borrowers copies of the loan application documents, according to a report in The Australian.
It said Bendigo and Adelaide Bank has told borrowers they are not entitled to copies of their applications, while other lenders have told borrowers that such documents have been destroyed.
In many cases, the borrowers affected took out low-doc loans.
The issue is related to a campaign by a consumer group, Banking and Finance Consumers Support Association, claiming that lenders falsified loan documents to provide inappropriately large loans to certain borrowers.
A BFCSA representative gave evidence to the Senate Standing Committee on Economics banking inquiry this week.
- Forums
- Property
- fed gov learns it holds subprime mortgages
fed gov learns it holds subprime mortgages, page-9
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online