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Broker blows whistle on sub-prime scandal [1]

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ABC News/Australia
By Stephen Long [2]
Updated Tue Aug 14, 2012

A WA mortgage broker who got rich by "fudging figures" has blown the whistle on the banks that conspired in Australia's own sub-prime mortgage scandal.

In 2007 Kate Thompson was WA mortgage broker of the year. Now she is facing fraud charges.

It is alleged Mortgage Miracles, in Canning Vale in Western Australia, obtained investment loans for customers by using falsely inflated earnings and assets.

To read the rest of this story and see the video, visit ABC.Net.AU. [3]

Source URL: //soundofheart.org/galacticfreepress/content/broker-blows-whistle-sub-prime-scandal

Links
[1] //soundofheart.org/galacticfreepress/content/broker-blows-whistle-sub-prime-scandal
[2] //soundofheart.org/news/stephen-long/167162
[3] http://www.abc.net.au/news/2012-08-13/mortgage-broker-blows-whistle-on-big-banks/4195920