I knew some slimey guys writing mortgages. They preferred to deal with illegals, way more money than dealing with law abiding citizens.
Think, no complaining about higher interest rate, willing to pay points up front. And willing to pay “fees” in cash up front.
Do things go that way, or the other way? Think 110% LTV. Cash all around, except for the poor shmuck who's stuck with the worthless paper.