I'm normally a very positive guy. So this post isn't meant to look at things in a negative light or paint with a broad brush. But... Can't help but notice a not very subtle shift in the focus of this forum when the topic involves loans and the loan industry. Approx 6 months ago there were many posts from people on the financing side of our industry which highlighted and even boasted about various techniques on how to artificially " improve" the credit score of a potential buyer. The posters seemed to fall over each other to be the first to explain how they manipulate the scoring systems to get a " credit challenged " applicant approved ! An occasional reply would point out how this was unethical or deceptive to the extent that it manipulated the system to the benefit of an undeserving/weak buyer but most thought the ideas were acceptable. At the very least there were few who challenged them.
Today our market has changed and there is a very harsh light being cast on loans and underwriting practises which contribute to ever increasing defaults. Now, seems like every other post is extolling the virtues of being honest and professional. Don't get me wrong. There is plenty of blame to go around. And there are agents who pushed buyers into idiotic loan programs just as there were loan officers only too happy to make the loan. My observation here is that as the focus of the forum shifts to finding responsible ways to deal with this issue those earlier posters are conspicuously absent - and for good reason.
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