Confessions of a Subprime Lender by Richard Bitner
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Confessions of a Subprime Lender
By Richard Bitner

Confessions of a Subprime Lender

An Insider's Tale of Greed, Fraud, and Ignorance

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Format: Paperback

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Confessions of a Subprime Lender by Richard Bitner

Book 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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Book Details

ISBN: 9780470402191
ISBN-10: 0470402199
Format: Paperback
(228mm x 152mm x 14mm)
Pages: 208
Imprint: John Wiley & Sons Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 15-Aug-2008
Country of Publication: United Kingdom

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Author Biography - 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.

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