Lie, swindle, steal. It's another day at work for the sales professionals of the mortgage industry. Amid the wreckage of the S&L scandal, a group of maverick entrepreneurs hatch a new money-making scheme: writing 'subprime' loans at exorbitant prices and bundling them into securities for eager Wall Street banks. In this stunning narrative, award-winning reporter Michael W. Hudson brings us inside the boiler rooms and banks that flooded the nation with high-risk, high-profit mortgages. At Ameriquest Mortgage, the nation's ...
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Lie, swindle, steal. It's another day at work for the sales professionals of the mortgage industry. Amid the wreckage of the S&L scandal, a group of maverick entrepreneurs hatch a new money-making scheme: writing 'subprime' loans at exorbitant prices and bundling them into securities for eager Wall Street banks. In this stunning narrative, award-winning reporter Michael W. Hudson brings us inside the boiler rooms and banks that flooded the nation with high-risk, high-profit mortgages. At Ameriquest Mortgage, the nation's largest subprime lender, salesmen sniff out homeowners vulnerable to refinancing pitches, and use Wite-Out to doctor documents. At rival FAMCO, employees memorize 'The Monster', a high-pressure sales tactic crafted to obscure interest rates - and so unscrupulous that one loan officer calls his state attorney general. With support from Washington bureaucrats and Wall Street, subprime grows into a $1.5 trillion behemoth - devastating the lives of millions of homeowners and wounding the U.S. economy. Provocative and gripping, "The Moster" is a searing tale of a sales culture gone out of control and the bottom-feeding fraud and topdown greed that fuelled the financial collapse.
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Seller's Description:
Dispatched, from the UK, within 48 hours of ordering. This book is in good condition but will show signs of previous ownership. Please expect some creasing to the spine and/or minor damage to the cover. Missing jacket. The dust jacket of the book is missing.
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Seller's Description:
Very good. A copy that has been read, but remains in excellent condition. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name. The spine remains undamaged. An ex-library book and may have standard library stamps and/or stickers. At ThriftBooks, our motto is: Read More, Spend Less.
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Seller's Description:
May have some shelf-wear due to normal use. Your purchase funds free job training and education in the greater Seattle area. Thank you for supporting Goodwill's nonprofit mission!
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Seller's Description:
Good. Good condition. Very Good dust jacket. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains. Bundled media such as CDs, DVDs, floppy disks or access codes may not be included.
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Seller's Description:
Good. Good condition. Very Good dust jacket. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains.
