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Richard Bitner Confessions of a Subprime Lender
Date: 08/19/2008 Richard Bitner opened his own mortgage shop in 2000, and had the good fortune ??? and sense ??? to bail out of the business in 2005, before the housing crisis hit. He saw the shoddy lending practices that got us into the subprime crisis first hand, and has chronicled them in his book, Confessions of a Subprime Lender. According to Mr. Bittner, ???the lack of professionalism, the crazy loans, the finagle factor and the open fraud finally drove him from the business. Although he escaped the worst of the mortgage meltdown, the company he founded did not; it folded in early 2007. Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance (Wiley), draws on his unique experience in the lending industry to explain the truth about the subprime meltdown. A world class public speaker who has appeared on CNBC and the Daily Show with Jon Stewart, Richard spoke with Peter Clayton, host of Total Picture Radio, about how we got into the mortgage mess, what to do if you're in a subprime trap. Foneshow does not charge for this service, but standard or other charges may apply from your carrier. Please check your plan to make sure. To stop receiving text messages at anytime, text STOP to 44636. For help, text HELP to 44636 or email support@4info.net. |
