A01=Richard Bitner
account
Author_Richard Bitner
bitner
borrower
business
Category=KFFL
Category=KJ
company
company grow
disenchanted
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
estate
foreclosing
implosion
industry
insiders
legitimate
mortgage
one
operation
prices skyrocketed
real
richard
rollercoaster
subprime
tiny
years
Product details
- ISBN 9780470402191
- Weight: 256g
- Dimensions: 154 x 230mm
- Publication Date: 15 Aug 2008
- Publisher: John Wiley & Sons Inc
- Publication City/Country: US
- Product Form: Paperback
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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.
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.
