| Mortgages, like all financial services, are very heavily regulated. Lending institutions have to keep records, constantly are audited and operate in a very competitive environment. Its unlikely rival underwriters would not report a colleague breaching any regulations. Lenders ignoring guidelines would be taking greater risks which would cause greater losses in an apparent downturn.
Et semel emissum volat irrevocabile verbum.
Raúl M. Núñez Sheriff |