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This is an opinionated book with an attitude. The author, a CPA and MBA, presents economic information in a conversational tone and meticulously backs up his views with references, charts, and quotes. Joseph N. Fried has published several books with Algora, explaining financial controversies and challenges for the general reader. Here, he highlights eye-popping aspects of the recent financial circus including: Drive-by house appraisals; the impact of hundreds of local housing programs funded by HUD; state governments, and housing advocacy groups; false delinquency statistics put forth by Fannie Mae and Freddie Mac; 'silent second'” and 'piggyback loans'.
"synopsis" may belong to another edition of this title.
About the Author:
Joseph N. Fried, CPA, MBA, has over 30 years experience performing certified financial statement audits for nonprofit organizations and HUD-approved mortgage companies. He is presently the director of the Public Program Testing Organization, an Ohio-based nonprofit organization dedicated to identifying waste and abuse in the government and nonprofit sectors. This is Joe's third book with Algora.
Review:
Joe Fried tells the story in a straightforward style--so clear you will wonder why you haven t heard these facts before. Why did lenders begin to lend to unqualified borrowers? 'That level of stupidity,' says Fried, 'requires mentoring, careful guidance and an act of Congress.'
-- Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute, Cochair, Financial Reform Task Force, 2009, Member, Financial Crisis Inquiry Commission, 2009, --Counsel to President Ronald Reagan, 1986-87
'An impressive research job ... materially adds to the body of research into the role of government affordable housing policy in the mortgage crisis.'
--Edward J. Pinto, Resident Fellow, American Enterprise Institute Consultant to the Housing-Finance Industry, --1989-present, Executive Vice President and Chief Credit Officer of Fannie Mae, 1987-89
'An impressive research job ... materially adds to the body of research into the role of government affordable housing policy in the mortgage crisis.'
-Edward J. Pinto, Resident Fellow, American Enterprise Institute Consultant to the Housing-Finance Industry, --1989- present, Executive Vice President and Chief Credit Officer of Fannie Mae, 1987-89
-- Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute, Cochair, Financial Reform Task Force, 2009, Member, Financial Crisis Inquiry Commission, 2009, --Counsel to President Ronald Reagan, 1986-87
'An impressive research job ... materially adds to the body of research into the role of government affordable housing policy in the mortgage crisis.'
--Edward J. Pinto, Resident Fellow, American Enterprise Institute Consultant to the Housing-Finance Industry, --1989-present, Executive Vice President and Chief Credit Officer of Fannie Mae, 1987-89
'An impressive research job ... materially adds to the body of research into the role of government affordable housing policy in the mortgage crisis.'
-Edward J. Pinto, Resident Fellow, American Enterprise Institute Consultant to the Housing-Finance Industry, --1989- present, Executive Vice President and Chief Credit Officer of Fannie Mae, 1987-89
"About this title" may belong to another edition of this title.
- PublisherAlgora Publishing
- Publication date2012
- ISBN 10 0875869432
- ISBN 13 9780875869438
- BindingHardcover
- Number of pages328
(No Available Copies)
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