Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and IgnoranceISBN: 978-0-470-40219-1
Paperback
204 pages
June 2008
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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Acknowledgments ix
Introduction xi
CHAPTER 1 Why I Bailed Out of the Industry 1
CHAPTER 2 The Gunslinging Business of Subprime Lending 15
CHAPTER 3 The Underbelly: Mortgage Brokers 39
CHAPTER 4 Making Chicken Salad Out of Chicken Shit: The Art of Creative Financing 73
CHAPTER 5 Wall Street and the Rating Agencies: Greed at Its Worst 103
CHAPTER 6 Secondary Contributors: The Fed, Consumers, Retail Lenders, Homebuilders, and Realtors 127
CHAPTER 7 How to Fix a Broken Industry 151
Glossary 183
Resources 185