Counterpoint

You may think that we've now seen most of the bad debt exposed or written off as a result of the subprime credit crunch, but a former industry insider warns that the next stage, what he calls Alt- A mortgages, which are those loans slightly less risky that the subprime, are about to hit the system. Richard Bitner also tells why he thinks the subprime system failed.

Guests

Richard Bitner
Managing Director Housing Wire

Further Information

The Mortgage Insider

Publications

Title: Confessions of a subprime lender
Publisher: Wiley
URL: http://www.johnwiley.com.au/trade/engine.jsp?page=titleinfo&acecode4$acecode=&acecode4$sacecode=&all$isbn13=9780470402191

Presenter

Michael Duffy

Producer

Ian Coombe

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