Originally Posted by crockett

I'm pretty sure someone representing the banks also had to sign their name on a dotted line. It goes both ways and that mess was certainly just as much the bankers fault as it was people over buying.

The difference in the two signatures was one of the parties was a paid professional that represented a company that was required by law to do it's due diligence prior to offering up loans guaranteed by the federal govt.

I was in the market for a house during the lead up to the housing crash and I can tell you for certain that the mortgage brokers did everything possible to try and up size the mortgage I was looking for.