Loan originators dream of this stuff. I made a pretty penny when they did this before.
When you tell the lenders to started lending to people who don't otherwise qualify, you get no doc loans where the borrowers basically tell the lender what they make and the bank never verifies, income, employment, funds in the bank, credit history, etc. Anybody could quality. So bankers make the loans because the government is forcing them to.
Hay day for loan originators who make their money on the front-end but disaster for mortgage investors on the back-end holding worthless paper.
When the economy turned and borrowers bailed on their payments right and left, leaving world investors holding the bag, the world economy collapsed.
And now Maxine wants to do it all over again. Big mistake putting her in as the chair of the finance committee. She knows nothing about finances.