Mortgage Broker Company - Mortgage Broker And More Fraud
In Australia - THE corporate watchdog is taking a mortgage broker to court for allegedly deceiving a lender into giving money to a teenager who could not afford to pay it back.
It is the first time the regulator has moved on allegations of unconscionable and misleading and deceptive conduct in arranging low-document (lo-doc) loans.
The Australian Securities and Investments Commission (ASIC) said the relatively new red tape-free loans are an area it is monitoring closely.
Go here for more info.
Sharon
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