Confessions of a subprime lender
Subtitle: an insider's tale of greed, fraud, and ignorance
By: Richard Bitner.
Publisher: John Wiley & Sons
Published: 2008
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 186
ISBN-13: 9780470402191
Subjects: Mortgage brokers -- United States; Mortgage loans -- United States
Description: "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.
Notes: Includes index.
Table of contents: title: Why I bailed out of the subprime industry; title: The "gunslinging" business of subprime lending; title: The underbelly: mortgage brokers; title: Making chicken salad out of chicken shit: the art of financing unqualified borrowers; title: Wall Street and the rating agencies: greed at its worst; title: Secondary contributors: the Fed, consumers, retail lenders, homebuilders, and realtors; title: How to fix a broken industry.