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Confessions of a Subprime Lender Richard Bitner

Confessions of a Subprime Lender By Richard Bitner

Confessions of a Subprime Lender by Richard Bitner


$13.69
Condition - Very Good
Only 3 left

Summary

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.

Confessions of a Subprime Lender Summary

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

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.

Confessions of a Subprime Lender 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)

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.

Table of Contents

Acknowledgments. Introduction. Chapter 1. Why I Bailed Out of the Industry. Chapter 2. The Gunslinging Business of Subprime Lending. Chapter 3. The Underbelly: Mortgage Brokers. Chapter 4. Making Chicken Salad Out of Chicken Shit: The Art of Creative Financing. Chapter 5. Wall Street and the Rating Agencies: Greed at Its Worst. Chapter 6. Secondary Contributors: The Fed, Consumers, Retail Lenders, Homebuilders, and Realtors. Chapter 7. How to Fix a Broken Industry. Glossary. Resources.

Additional information

GOR003782055
9780470402191
0470402199
Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance by Richard Bitner
Used - Very Good
Paperback
John Wiley & Sons Inc
20080815
204
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Confessions of a Subprime Lender