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Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance

ISBN: 978-0-470-40219-1
Paperback
204 pages
June 2008
List Price: US $19.95
Government Price: US $10.17
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Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance (0470402199) cover image
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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

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