Hi Guys:

This mess we are in was not created by title companies and their joint ventures, nor mortgage brokers as a whole. In fact, far from it.

Many "shady" mortgage brokers did their share to help but keep in mind, the brokers' loan programs were approved by the account executive's banks, that you mention above.  Most likely these account executives worked for the same banks that used to offer the following two loan programs which are the leading cause of foreclosure and the disappearance of the subprime market as a whole:

Stated income programs (no income verification)
Adjustable Rate mortgages
 
Lets not all forget that for the borrower to remove themselves out from under their adjustable rate mortgage, they would have to pay an enormous prepayment penalty meaning that same borrower now lost equity in their home and has to borrow more money from their new lender to satisfy the old lender.

JV's and ABA's are not 100% innocent especially since their JV usually violates RESPA, but have not affected the demise of the lenders and their account executives respectively. You have to consider the lenders and the programs they approve the nucleus of the foreclosure epidemic and progress outward from there to associate blame.  

The sad part is, how do credit challenged borrowers obtain financing? Are they forced to rent when they have viable income but not a certain credit score? They are the true victims of the market.