4 ms·
Uh, no, lol, unless there is fraud expected ... it's not quite simple to "check the borrower" and it takes a decent amount of legwork.
by roflyear 4y ago
Uh, no, lol, unless there is fraud expected ... it's not quite simple to "check the borrower" and it takes a decent amount of legwork.
- scotty79 4y agoExactly. And it's a work that bank has to put in if it can't sell the loan. But if the bank can sell the loan it becomes "check the borrower or bullshit the buyer" and the banks decided latter is less work. And that's why 2008 happened.