Last week, HW managing director Richard Bitner made the media rounds to tout his new book, Confessions of a Subprime Lender. One of the appearances was on none other than Larry King Live, which means we now officially can say that Larry King has uttered the words "Housing Wire dot com."
Bitner managed to counter the more Pollyanna-ish takes from some of the other panelists, providing at least a dose of much-needed reality. Primary clip:
All panelists were also asked whether they were "optimistic" about housing in the near-term; see the below clip, starting around the 7:14 mark:
For those that follow these sort of things, Richard will be on The Daily Show with Jon Stewart discussing the housing mess on Monday, July 21. (Yes, really.)
And if you haven't bought his book yet, you should; it's one of the few written by someone that actually lived in the world of subprime lending. He owned Kellner Mortgage Investments -- number 44 on the Implode-o-Meter's list of now-defunct lenders.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.