SAfm — A startling allegations of securitisation fraud by the Big Four banks has been revealed. According to Banking Law Advisor's Advocate Douglas Shaw, banks have been deceiving home owners as if they are still the registered bond owners, when in fact they are not. This allows them to collect mortgage bond payments on behalf of the new owners and take judgment against defaulting borrowers, neither of which is legal where the bond is securitised. Sakina Kamwendo speaks to Banking Law Advisor's Advocate Douglas ShawLinks: Listen & Download,

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Allegations of securitisation fraud by the Big Four banks revealed

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Allegations of securitisation fraud by the Big Four banks revealed

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