Richard Bitner was co - owner of a mortgage shop. He saw
the dodgy practices in this industry and got out of it in
2005. In good time, for the company he was a partner in
before went bust in 2007.
His book draws on the experience inside the mortgage
industry and tells it all. According to him it was a matter
of lacking professionalism, crazy loans, greed and outright
fraud. And ignorance.
Bitner pulls the curtain back to reveal the inner workings
of the mortgage industry and explain why the housing crisis
is much worse than people think it is. The books is easy
to read and understand, enlightening and for someone not
affected entertaining like a crime story.
Richard Bitner: Confessions of a Subprime Lender:
An Insider's Tale of Greed, Fraud, & Ignorance
Here a link to his website, www.lendingsanity.com.
The first chapter can be downloaded free.
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