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 enlarge | Author: Richard Bitner
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $10.70
You Save: $9.25 (46%)
New (43) Used (11) from $10.70
Rating:  32 reviews
Sales Rank: 45638
Format: Illustrated
Media: Paperback
Edition: illustrated edition
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 6 x 0.6
ISBN: 0470402199
Dewey Decimal Number: 332.7220973
EAN: 9780470402191
ASIN: 0470402199
Publication Date: June 30, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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| Customer Reviews:
 Confessions of a Subprime Lender August 4, 2008
0 out of 1 found this review helpful
Am in the process of reading this book. So far, I like it. The writer uses humor to get his point across, and it adds to the quality of the book. The old saying, If I don't laugh, I'll cry, certainly applies here.
Recommend it.
Sub prime mess July 30, 2008
We could see it coming. Lenders were lending more then 100% of value. All fine in a rising market but when values go down then what?
So many players in this game. Not just one at fault.
Anne
Incredible insight to the (often misleading) sub-prime mess. July 29, 2008
0 out of 1 found this review helpful
To be upfront, I worked for Richard Bitner for quite a long time. He was/is one of the most intelligent people I have ever been associated with.
When he mentioned he was going to write this book, I honestly didn't know what to think. After reading it, I truly think he has hit the nail on the head.
This book pulls back the preverbal curtain and explains (in laymen's terms) what actually happen with the mortgage industry.
I recommend this book to any and everyone! It is an incredible read.
 Are you kidding me? July 29, 2008
2 out of 8 found this review helpful
This guy blames mortgage brokers and appraisers for the multi-billion dollar mess we are in. Are you fricking kidding me? No wonder this book went straight to softcover. The publisher didn't bother putting a hardcover out; it is the equivalent of a "straight to video" movie.
Confessions review July 28, 2008
Confessions of A Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance by Richard Bitner, is a must read for every loan originator. Mr. Bitner mentions his personal criteria to "making a loan" is that the loan make sense and that it better the borrowers position. It appears that somewhere along the line he lost sight of that very important aspect of mortgage lending. I am a licensed mortage broker and I find it hard to understand how a loan originator could put their greed first and the borrower second. I mean, how do you justify a $1,600 a month mortgage payment to a borrower that can't make their $850 monthly rent payment on time? The book is well worth the cost and I highly recommend it to anyone that is interested in reading about what went on behind the scenes and how loan originators justified making the loans to people that could not afford them. It's easy to blame the Lender's for this mess, after all, the loan originator does not loan the money and the Lender is the one that offered the programs. All the loan originator did was follow the Lender guidelines. Yep, follow the guidelines and don't worry about whether or not the borrower could afford to make the payments.
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