"When lenders (and the loan originators) refuse to verify applicants identities to be factual and at the same time have the means to do so, isn’t that willful negligence and fraud?"
Are they "allowed" to do this? I thought that immigrants rights groups sue to forbid checking SSNs. For anything, employment, banking etc.
How can that then apply to US citizens? They ask for a tax ID number, which, in many cases, is our SSN#. So,
there is a number that can be verified. How in the heck does a bank loan 100's of thousands of $$ to people they cannot verify their identities? If not a citizen then, the tax ID number should travel with that person whose been working and paying taxes, otherwise, who is that person and are they telling the truth about their employment as a means to show their incomes?
A lot of folks somewheres been a lyin' like the devil on this greenback orgy.