Newsflash right back - if you claim so many deductions/expenses that you show no/little income, then don’t complain that the bank thinks you can document none.
What you are saying is that a person should be able to fudge the numbers for the IRS, then unfudge them for the bank.
Sorry - one way or the other, you are still a liar. As any investigation into your bank account will prove.
nonsense.
allowable deductions are not illegal. It is not fudging it is a matter of having competent professionals.
If you need an analogy, look at major corporations that pay zero or next to no tax and yet investors see value in the corporation to buy their stock.
What you are missing is that the banks used to require a more substantial downpayment to have a larger equity cushion. The “bubble” was created with the use of overvaluing the collateral.
homes could be bought in the 80’s and 90’s and before without issue.
Also keep in mind according to news reports 90+% of loans are being paid on time.