May 1994 News | RefinanceMortgage.com.au

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Refinance Mortgage News

Homefund Chief 'concealed Rights'

Wednesday May 11, 1994

The former managing director of FANMAC, the fundraising arm of the beleaguered HomeFund scheme, concealed from more than 20,000 borrowers their legal right to cut their mortgage payments if their incomes dropped, a new report has revealed. According to the final report of the parliamentary