Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already
burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610,
after they tell the loan officer they make $ 120,000 as senior managers of a large multi national corporation When they default on the home loan, file
bankruptcy to discharge student and credit card debt and start
living in section 8 housing, you now have a new brother and sister.