Confessions of a subprime lender

By Richard Bitner

Subjects: Bankenkrise, Business, Mortgage loans, Mortgage brokers, Nonfiction, USA, Brokers, Kreditrisiko, Hypothekenbank

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.