So lets see that have income x from a variety of sources showing that they can meet their repayments which would take into account living expenses and a few other variances - that is responsible lending.
Now if the broker or banker doctored the paperwork that is fraud, and they should be held accountable. If the borrower doctored their income again that is fraud, and they should be held accountable. If neither of these happened then such is life the lender and borrower both made decisions and it didn't work out for one or both parties resulting in a loss.
It really is people like you that just makes society DUMBER and DUMBER as all common sense and personal responsibility is taken out of everything - geez what do we need bloody classes to certify you to be capable of borrowing money, then I am sure someone will complain down the track that they got certified but didn't really understand even when they signed they understood.......
