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Confessions of a Subprime Lender: An Insider´s Tale of Greed, Fraud, and Ignorance
Richard Bitner
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Description for Confessions of a Subprime Lender: An Insider´s Tale of Greed, Fraud, and Ignorance
Paperback. Real Estate One insider's rollercoaster account of the subprime implosion Richard Bitner founded his own subprime mortgage company just as the industry took off. In five years, he watched his company grow from a tiny operation to a booming business. But something wasn't right. Num Pages: 208 pages, Illustrations. BIC Classification: KFFL; KJ. Category: (P) Professional & Vocational. Dimension: 227 x 153 x 14. Weight in Grams: 262.
Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, he reveals the truth about how the subprime lending business spiraled out of control, pushed home prices to unsustainable levels, and turned unqualified applicants into qualified borrowers through creative financing. Learn about the ways the mortgage industry can be fixed with his twenty suggestions for critical change.
Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, he reveals the truth about how the subprime lending business spiraled out of control, pushed home prices to unsustainable levels, and turned unqualified applicants into qualified borrowers through creative financing. Learn about the ways the mortgage industry can be fixed with his twenty suggestions for critical change.
Product Details
Format
Paperback
Publication date
2008
Publisher
John Wiley & Sons Inc United Kingdom
Number of pages
208
Condition
New
Number of Pages
204
Place of Publication
New York, United States
ISBN
9780470402191
SKU
V9780470402191
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Richard Bitner
Richard Bitner was president and cofounder of Kellner Mortgage Investments, a subprime mortgage company that peaked at sixty-five employees and $225 million in annual loan volume. He is Managing Director for Housing Wire, a leading mortgage industry online publication. Visit Richard's blog at www.lendingsanity.com.
Reviews for Confessions of a Subprime Lender: An Insider´s Tale of Greed, Fraud, and Ignorance
"...packed with tales of crooked brokers, deceitful customers, avaricious Wall Street banks and all too obliging credit rating agencies." (The Guardian, September 19, 2008) "If this is even near the truth, it is remarkable...Bitner's book was more firmly rooted in the world we live in." (Prospect Magazine, October, 2008) "...pulls back the curtain on the players who created ... Read more