Confessions of a Subprime Lender An Insider's Tale of Greed, Fraud, and Ignorance

Name: Confessions of a Subprime Lender An Insider's Tale of Greed, Fraud, and Ignorance
Price: 4.16 USD
Availability: InStock
ISBN: 9780470402191

ISBN-10: 0470402199

ISBN-13: 9780470402191

Edition: 2008

Authors: Richard Bitner

List price: $19.95

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"Bitners book conveys the authority of someone who was in the trenches where this dirty work was going on." -- Newsweek Magazine With each day bringing new revelations about the economic damage the mortgage crisis is creating worldwide, this book couldn't be timelier. Bitner tells the fascinating story of his disillusionment after owning a sub-prime lending business for five years, beginning with foreclosing on a borrower he knew shouldn't have been given a mortgage in the first place (even though the loan fit the industry's guidelines), and relating the story of his house catching fire, and how this string of events prompted him to re-evaluate his priorities and sell his stake in the…

Book details

List price: $19.95
Copyright year: 2008
Publisher: John Wiley & Sons, Incorporated
Publication date: 6/16/2008
Binding: Paperback
Pages: 204
Size: 6.04" wide x 9.06" long x 0.62" tall
Weight: 0.572
Language: English



Acknowledgments


Introduction



Why I Bailed Out of the Industry



The Gunslinging Business of Subprime Lending



The Underbelly: Mortgage Brokers



Making Chicken Salad Out of Chicken Shit: The Art of Creative Financing



Wall Street and the Rating Agencies: Greed at Its Worst



Secondary Contributors: The Fed, Consumers, Retail Lenders, Homebuilders, and Realtors



How to Fix a Broken Industry


Glossary


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