should home loan officers and banks that gave loans on know false info be prosecuted or get away scott free?
all income, debt, bank accounts and work history are suppose to be verified. to not do your job or lie is bank fraud. loans should be denied if false info is found. was this the fault of deregulation or little regulation.
Asked By: ron - 10/22/2011
Best Answer - Chosen by Asker
Answered By: linlyons - 10/22/2011
Additional Answers (2)
Yes, they should be prosecuted. The mortgage brokers that convinced dummies to borrow much more than they could afford should also be prosecuted.
Answered By: Frank Zebottom - 10/22/2011
They should go to jail or buy back the loan.
Answered By: Reality has a Liberal Bias - 10/22/2011
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