Confessions of a Subprime Lender

Richard Bitner

ISBN 10: 0470402199 / ISBN 13: 9780470402191

Published by John Wiley and Sons Inc, US, 2008

About this Item

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.

Seller Inventory # LU-9780470402191

Bibliographic Details

• Title: Confessions of a Subprime Lender
• Publisher: John Wiley and Sons Inc, US
• Publication Date: 2008
• Language: English
• ISBN 10: 0470402199
• ISBN 13: 9780470402191
• Binding: Paperback
• Condition: New
• Weight: 308 grams

About this title

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.

About the Author

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.