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

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.

Author: Richard Bitner
Publisher: Wiley
Published: 06/01/2008
Pages: 204
Binding Type: Paperback
Weight: 0.56lbs
Size: 8.64h x 6.16w x 0.56d
ISBN: 9780470402191

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.