It was even worse than that. I worked for Wells Fargo doing credit checks at the time. The entire system was set up to rubber stamp loans without looking too closely. That'd be a problem for whatever downstream sucker bought it. At the time I had a bit of a robin hood attitude about it: if it's not illegal and follows policy that these subprime folks historically discriminated against get a bigger loan so be it. Now I have a more complex view on it, and see it as much more brazenly predatory.