Strawman Buys A House

I had someone comment on my Blog that fraud by buyers was a part of the mortgage meltdown. I haven't seen any studies that said that buyers, en masse, were perpetrating frauds. OTOH, even if there were frauds that the mortgage companies were noticing I think they would have turned a blind eye to it considering they were hiring companies specifically to ignore credit check red flags, giving out references to lawyers they knew would skip explaining the entire deal to the customers and, generally, rigging the entire process for their own short term benefits in commissions on sales of mortgages. They turned mortgages into the "puppy mills" of the banking industry. Just sell sell sell regardless of the what it was doing the client, market and product. And NO! I don't mean that I condone that kind of fraud in the story... lol