One measure of the possible extent of the fraud: BasePoint Analytics took a look at millions of subprime loans and found that in 70 percent of cases where mortgages go bad quickly (exactly the kinds of mortgages that account for a chunk of today's rising default rates), there was some misrepresentation by the borrower, broker or appraiser, or some combination of the three. Those loans were five times more likely to default quickly than mortgages without falsifications.
"The presentation or 'gift' of the Holy Ghost simply confers upon a man the right to receive at any time, when he is worthy of it and desires it, the power and light of truth of the Holy Ghost, although he may often be left to his own spirit and judgment." --Joseph F. Smith (manual, p. 69)
Be pretty if you are,
Be witty if you can,
But be cheerful if it kills you.