Bookstore - Greed, Fraud & Ignorance: A Subprime Insider's Look at the Mortgage Collapse (Mortgage Solutions)

Title: Greed, Fraud & Ignorance: A Subprime Insider's Look at the Mortgage Collapse (Mortgage Solutions)
Author: Richard Bitner
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Sales Rank: 835729

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Product Description

Greed, Fraud & Ignorance provides a behind-the-scenes look at how the subprime lending industry operated. Told from the perspective of an industry insider, the author, a former subprime lender, pulls the curtain back to provide a first-hand account of how brokers, lenders, Wall Street investment firms and rating agencies created the greatest real estate and mortgage debacle in our nations history. The books reveals: How nearly three out of every four subprime mortgages originated by brokers were misleading or fraudulent, and which tactics they used to trick lenders and borrowers. How the subprime industry played a major role in pushing home prices to unsustainable levels. How brokers and lenders used creative financing techniques to turn unqualified applicants into qualified borrowers. How a comprehensive solution that addresses all of the industry players is the key to fixing the mortgage industry.