These forms contained false information regarding the borrowers’ credit worthiness in order to qualify the borrowers for mortgages to purchase the Marina Oaks Condominiums.

That right there should tell you how worthless FICO scores are.If FICO score had anything to do with creditworthiness, I wouldn't be able to hack it five ways from Sunday as easily as I do, often at absolutely no cost to the consumer.

Your creditworthiness and of the other factors I named above determined how good the rates and terms of that loan will be for you.  

Where's the problem.The problem is that 46% of US citizens don't have a passport .... which makes that policy indirectly discriminatory .... go ask an attorney next time.When an applicant refuses to produce SSN to help me evaluate their creditworthiness I make an immediate demand for evidence of their ability to travel internationally.

They were much more interested in my finances and credit worthiness.

Many family members may never need to take out a loan in a given year so they would have the option to transfer all or part of their funds to another checking account specifically for providing small loans to other family members at say 2% per month interest (1% going to the member who put funds in the loan account and 1% going to the person who took out the loan) Risk would be minimized as they are small loans under $2500 and can increase as each successful loan is paid (like building credit worthiness) within the family, no colateral, more of a trust as we meet religiously on a monthly basis it’s like Thanksgiving every month with my family.We’d like to brainstorm different investment projects (cross checking each with a RE Attorney and CPA as well as a respected Pro in that field) it can be real estate, small business, etc.

His down payment and perhaps creditworthiness dictated the rate in order for you to achieve the sale.  

Now personally i don't use the 3X income rather I look at a prospective tenants credit worthiness and debt to income.  

@Ashley Wright if I recall correctly, the offers they present you is based off your credit worthiness.

You can contribute your creditworthiness, capital, and income to help your son qualify for the loan at primary residence rates with as little as 5% down.