If a broker hands the bank a dodgy application which has fudged figures on it then the main blame should go toward the broker surely? What needs to be established is what relationship the bank has with the brokers, and whether the banks should be more proactive in checking the validity of applications. The cancer in the financial industry are commission based services, they provide incentives to stretch the rules.
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If a broker hands the bank a dodgy application which has fudged...
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