Report Fraud, Lies, Cheating & Dishonesty In Housing "market". in House prices and the economy Posted August 31, 2007 It wasn't only mortgage brokers who were encouraging the impecunious to take on more debt than they could pssibly handle. My daughter worked in a Hight Street bank about 3 yrs ago as a Loan Adviser. She was on a low basic salary with commission paid for meeting sales targets for arranging loans and insurance etc. The way the bonus scheme worked was that if targets were not met during that quarter, even by the smallest amount, NO commission was paid at all and there was no roll-over to the next quarter, so all sales efforts for that quarter were lost. So, come the end of each quarter, all Loan Advisers would cold-call customers and try to flog them loans, mortgages, remortgages, or any other finacnial instrument, just to get their sales figures to hit the quarterly target so they could earn their commission - and most of them relied on this commission to pay their own mortgages! My daughter knew that she was arranging loans for people who should never have been allowed them - but if she didn't, she couldn't meet her own obligations. She didn't last long in the job, though - the immorality of what she was required to do - with a blind eye turned by the managers since they, too, were on target driven reward schemes - coupled to the Bank's dishonest dealing with their employees which sometimes meant that they failed to process her sales in time to meet the quarterly deadline, so that she lost her commission even though she had achieved the target, lead her to resign within a year. Next job was with an independent mortgage broker where the fraud was even worse. It was so blatant - falsified documents etc - that she only lasted 3 months there. After that she decided a career change was in order.