Welcome Guest [Log In] [Register]


Reply
Over 300,000 mortgage holders have no real equity in their homes; Mortgage holders in WA most at risk
Topic Started: 10 Oct 2016, 03:42 AM (5,851 Views)
Ex BP Golly
Member Avatar


Khaderbhai
11 Oct 2016, 09:31 AM
They could publish the actual questions and answers.

If the question was "Was your application completely factual and accurate"?

And the borrower responds "no".

Then this doesn't ascertain whether or not the person lied, made a mistake, or was overly conservative.

UBS might accuse the borrower of lying, but this has not actually been established by the question.

In any case, details are verified by the bank, so it's nothing to worry about.
You make the basic mistake as thinking everyone is as stupid as you are.

I figure Frank Chung (the journo) knows how to report on research carried out by people who know how to carry out research, and who know the difference in meaning between words such as mislead, mistake, misrepresent
Trollie
11 Oct 2016, 10:06 AM
So Golly, did you ever find out if those inaccuracies would have been a negative on the loan or not?
What are you on about trolley?

Edited by Ex BP Golly, 11 Oct 2016, 10:22 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Ex BP Golly
11 Oct 2016, 10:14 AM
You make the basic mistake as thinking everyone is as stupid as you are.
Personal attack.

Quote:
 
I figure Frank Chung (the journo) knows how to report on research carried out by people who know how to carry out research, and who know the difference in meaning between words such as mislead, mistake, misrepresent
If the question itself doesn't ascertain whether or not the borrower lied or made a mistake, then neither the journalist nor the researchers have that information.

But it doesn't really matter, since the banks verify the details anyway.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Khaderbhai
11 Oct 2016, 10:37 AM
If the question itself doesn't ascertain whether or not the borrower lied or made a mistake, then neither the journalist nor the researchers have that information.

But it doesn't really matter, since the banks verify the details anyway.
What out of everything you have seen, could lead you to base your argument on such a whimsically flimsy proposition Shadow?

They are pretty firm with the words "lie", "mislead", "stretch the truth" and "misrepresent".
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Ex BP Golly
11 Oct 2016, 11:58 AM
What out of everything you have seen, could lead you to base your argument on such a whimsically flimsy proposition Shadow?

They are pretty firm with the words "lie", "mislead", "stretch the truth" and "misrepresent".
Those are words spun by journalists and media reps. They're not the words used in the questions posed to borrowers.

If the question asked was "Did you deliberately lie in your application?" then you might have a point.

But it seems the question was something more like "Were all details 100% accurate?".
Edited by Khaderbhai, 11 Oct 2016, 12:14 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Khaderbhai
11 Oct 2016, 12:14 PM
Those are words spun by journalists and media reps. They're not the words used in the questions posed to borrowers.

If the question asked was "Did you deliberately lie in your application?" then you might have a point.

But it seems the question was something more like "Were all details 100% accurate?".
I'd say that is defamatory of Frank Chung.

You have evidence that he has spun (lied) about the research?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Ex BP Golly
11 Oct 2016, 12:27 PM
I'd say that is defamatory of Frank Chung.
Really? I heard Frank Chung is a reptilian and responsible for leaking Trump's hot mic audio.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Ex BP Golly
11 Oct 2016, 12:27 PM
I'd say that is defamatory of Frank Chung.

You have evidence that he has spun (lied) about the research?
Giving out legal advice again Golly?
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Trollie
11 Oct 2016, 03:07 PM
Giving out legal advice again Golly?
I'm still waiting for Shadows evidence that everything isn't as it appears.


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Ex BP Golly
11 Oct 2016, 03:20 PM
I'm still waiting for Shadow
Are you and Rastus still chasing Shadow around?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Khaderbhai
11 Oct 2016, 07:49 PM
Are you and Rastus still chasing Shadow around?
Good thing you waited until dinner time to post that, or Rastus would need to cancel on account of there being another Shadow emergency.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Learn More · Sign-up for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy