Did I hear that right? 85%(!) of all loans in that area?
The realtors were pushing it because they made $10,000 on every sale. And the poor debtors are ultimately the ones who are going to pay the price, because falsely stating one's income on a mortgage application is a crime.
The parties involved are going to have to be sorted out between those who intentionally lied on their loans and those that were duped.