Economics

[Author s Name][Tutor s Name][Class]4 June 2010IntroductionThe crash of the subprime mortgage market in the United States was every bit dramatic and unexpected . However , many professionals in the palpable estate business were aware of the coming collapse . In his book Confessions of a Subprime Lender , Richard Bitner discusses how subprime mortgage markets operate and what factors twine them . A veteran of the mortgage patience , Bitner looks at the problems and conflicts of subprime bestow from within . Bitner does not simply discuss the state br and the risks of subprime lending but develops a plan which authorities and truly estate agents must follow to restore the stability of the marketRichard Bitner fatigued 14 years working in the American mortgage industry .

His book provides a valuable insight in how the subprime mortgage market works and what factors were responsible for it collapse end-to-end Bitner s career , the two basic questions governed his business decisions (1 ) whether the borrower could afford do the monthly mortgage payment and (2 ) whether closing the loan would vex the borrower in a better position than he is now (5 . With time , Bitner learned that those questions could not suffice to guarantee the conquest of his real estate business : the real estate industry is too complex and operates in accordance with its own laws . sometimes , being a lender is supposed to be near taking people out of their homes (Bitner 10 . These are the aspects which Bitner discusses in the first chapter of...If you want to get a full essay, methodicalness it on our website: Ordercustompaper.com

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