This is such a timely book explaining through interviews of important player the origin of the housing crisis. One of the authors Paul Muolo has been a remarkably independant investigative reporter as editor of National Mortgage News. He shows how the system of corrupt mortgages really begins with loan practices of older loan systems such as Beneficial Finance. The "repo" man has appeared again with the current mortgage foreclosures. He writes in detail of the work of Angelo Mozilo, co-founder of Countrywide. A "cast of characters" and glossary of terms are especially valuable. There is no index and a limited notes section.Muolo had earlier written about the S and Loan meltdown.

This is an invaluable source on the subject

Follow the story on the web page of the national mortgage trade publication webpage

www.nationalmortgagenews.com

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