Originally Posted by Quicksilver

Ok Wagner;
Please explain how the solutions you offered will stop the three things listed in this article?

#1 The most common type of fraud that MARI found pertained to employment history and income. Many applications exaggerated how much borrowers earned and misrepresented their job descriptions.

Lenders can jockey this info just as much as the applicant. I've seen lenders attempt to alter job titles or time worked to account for this. I've even witnessed lenders calling HR departments and asking them to massage the title.

#2 The biggest increase came from a jump in the number of undisclosed or incorrectly reported debts, liens and judgments.

See your answer to question one. At no time did the article say the applicant themselves lied, but more so the overall paperwork was misleading.

#3 Most fraud involves average home buyers whose lending officers feel compelled to tweak their applications. But some involves criminal enterprises.

Ahh, self explanatory..the lenders fault.