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

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

by RichardBitner (Author)

  • New

    Illustrated 2008

    $16.37
Synopsis

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.

$16.37

Save:$3.41 (17%)

Quantity

10 in stock

More Information

Format: Illustrated
 Pages: 204
 Edition: 1
 Publisher: Wiley
Published: 06 Jun 2008
ISBN 10: 0470402199
ISBN 13: 9780470402191

Media Reviews
...reveals the insider truth about how various parts of the mortgage business yielded to the temptation to maximise profits... HerelsTheCity.com Thursday 14 August 2008 For a racier read, Richard Bitner's Confessions of a Subprime Lender is hard to beat. (Sunday Times Ireland Edition, December 14th 2008)
Author Bio
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.