Take the following as truth: Reilly also said he thought mortgage brokers commonly exaggerate business proceeds in stated-income loans - I would say 90 percent of the time they are padded - adding that he was 25 and inexperienced at the time and has not repeated the mistake since.
Then the following statement: "Reilly thought mortgage brokers exaggerated proceeds in proven -income loans." is true, false, or inconclusive?
Answer: False