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Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance
Rating: 3 out of 5 stars
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About this ebook
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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Reviews for Confessions of a Subprime Lender
Rating: 3.142857142857143 out of 5 stars
3/5
7 ratings1 review
- Rating: 4 out of 5 stars4/5This book provides an excellent background and history if you're curious about why the subprime mess came about. It's not dry reading at all, but pretty accessible by the average reader. You will shake your head in dismay at how greed and deception were present at all levels of the loan process and wonder how so many professionals managed to lose their business common sense.