Not twisting your bro but how are the responses you gave in post #41 an answer to my question?

I honestly fail to see the logic in your answers or for that matter your logic in your initial solution to the problem. But let's re-visit you solution again.

Make lenders responsible for the value. If they appraise and loan money based on a 'value' they must honor that same value, regardless of market, for any refinancing or other adjustment measures as long as the paper stays with the originating bank?

Here are the questions again.

#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.
(In what way will your solution solve this problem)

#2 The biggest increase came from a jump in the number of undisclosed or incorrectly reported debts, liens and judgments.
(In what way will your solution solver this problem)

#3 Most fraud involves average home buyers whose lending officers feel compelled to tweak their applications. But some involves criminal enterprises.
( In what way will your solution solve this problem)

As you consider your answer please keep in mind that the area where real estate is located may be different. For example in California some lots are worth more than the houses that sit on them and therefore the variables in value depends to a great degree on both land and real property sitting on it.
So Making lenders responsible for the value of something may not work as simply as you put it.

Finally to say that "a lender must honor that same value, regardless of market, for any refinancing or other adjustment measures as long as the paper stays with the originating bank" makes no sense whatever. Not even you would do that.

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