July 15, 2015 | 1,104 viewsPerpetual’s low-doc home loans struck down for broker’s “exploitation” & originator’s reckless approval

A disabled couple has defeated Australia’s biggest non-bank lender in a court battle that saw their $228k home loan and mortgage declared void and unenforceable. Dale and Faith Burns – both partially blind with “no prospects of employment and nothing to offer but the desire to speculate in real estate” – gained approvals for six property […]

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