Mortgage fraud scheme closes loophole, what's the catch?

Getting a mortgage has been a tough business for years. Before the crunch, thousands of people found themselves in the weird position where they could sign a piece of paper claiming to earn a particular figure and then suddenly find themselves with a loan for 105% of the property value. Now they are in the equally odd position of having to get hold of a massive deposit to cover at least 10% of the purchase price, and provide rock solid proof of an income that's big enough to comfortably cover mortgage repayments.