Collateral Damage: Life as a Mortgage Broker

Download or read book Collateral Damage: Life as a Mortgage Broker written by Ralph J. Migliozzi and published by Xlibris Corporation. This book was released on 2011-05-02 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chronicles the career of a conflicted mortgage broker. This comical and tragic account explains the whole amazing subprime catastrophe through the story of one man. Mortgage brokers dominated the lending industry for 25 years before succumbing to the lure of ever riskier products that relentlessly blurred their moral principles. In the end, common sense was compromised by fear of losing to the competition. Here are the outrageous, and sometimes hilarious, stories of the sale’s anti cs of all the players of the subprime crisis.