In theory, maybe.In reality, who in their right mind would give you 3% of $400K or $12K without meeting you first? 

Won't do you much good trying to figure out why banks do what they do, not in reality. :) 

Credit matters are rather foggy, there are a few areas where a FC is forgiven (allowed or accepted) but in reality, the lender making the loan agrees to buy back loans that don't fit guidelines so making exceptions is tricky for any lender in secondary market products.

@James Wise is right, the idea of a living wage runs counter to a society where the mantra is more for less.In theory, a higher minimum wage leads to more money in circulation, but reality, in the context of North American society, would more likely be displacement of more jobs offshore.

You don't have to share your idea here, but I would recommend you share it with people and get others involved to make it a reality.  

Reality will be whatever it is. 

If you study the OM numbers, this should offer a lot of value to you in understanding the realities out in the marketplace.  

Not trying to be negative, but the reality is you need a really, really good presentation to get this in front of the right commercial bank decision maker.

The reality is they don't have much recourse against you but the agent could potentially lose their NAID number and their ability to sell HUD homes

And the reality is you won't get them, statute or not.