An edition of Confessions of a subprime lender (2008)

Confessions of a subprime lender

an insider's tale of greed, fraud, and ignorance

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Last edited by MARC Bot
March 26, 2021 | History
An edition of Confessions of a subprime lender (2008)

Confessions of a subprime lender

an insider's tale of greed, fraud, and ignorance

"Confessions of a Subprime Lender pulls back the curtain on the players who created the subprime disaster, including brokers, lenders, Wall Street investment firms, and rating agencies who worked the system to their advantage. Interwoven with dramatic personal anecdotes, Confessions of a Subprime Lender explains how the subprime industry blew up and concludes with a comprehensive solution for rebuilding it by forcing changes on all the key players."--Jacket.

Publish Date
Publisher
John Wiley & Sons
Language
English
Pages
186

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Previews available in: English

Edition Availability
Cover of: Confessions of a Subprime Lender
Confessions of a Subprime Lender
2009, Wiley & Sons, Incorporated, John
in English
Cover of: Confessions of a Subprime Lender
Confessions of a Subprime Lender
2008, John Wiley & Sons, Ltd.
Electronic resource in English
Cover of: Confessions of a subprime lender
Confessions of a subprime lender: an insider's tale of greed, fraud, and ignorance
2008, John Wiley & Sons
in English

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Book Details


Table of Contents

Why I bailed out of the subprime industry
The "gunslinging" business of subprime lending
The underbelly: mortgage brokers
Making chicken salad out of chicken shit: the art of financing unqualified borrowers
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.

Edition Notes

Includes index.

Published in
Hoboken, N.J

Classifications

Dewey Decimal Class
332.7/220973
Library of Congress
HG2040 .B58 2008, HG2040.B58 2008

The Physical Object

Pagination
p. cm.
Number of pages
186

Edition Identifiers

Open Library
OL16821157M
ISBN 13
9780470402191
LCCN
2008019035
OCLC/WorldCat
226308206
LibraryThing
5839926
Goodreads
3610075

Work Identifiers

Work ID
OL11938732W

Work Description

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.

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