How Long to Read Subprime Mortgage Fraud and the U.S. Economic Crisis

How Long Does it Take to Read Subprime Mortgage Fraud and the U.S. Economic Crisis?

It takes the average reader 3 hours and 43 minutes to read Subprime Mortgage Fraud and the U.S. Economic Crisis by Tomson Hoang Nguyen

Assuming a reading speed of 250 words per minute. Learn more

Description

Economists, industry practitioners, and government officials have failed to observe the significance of mortgage fraud as an inherent problem related to the subprime mortgage crisis. Relying on intensive interviews with 23 subjects, previously and currently employed in the subprime lending industry, government reports, media accounts, and a variety of secondary sources, this study traces the exponential growth of mortgage fraud to loose underwriting standards, alternative loan products, and inadequate regulation and regulatory oversight of the subprime mortgage industry. The research findings detail and describe various types of financial crimes that constitute a modern form of mortgage fraud; unlike their traditional counterpart, contemporary mortgage fraud contain elements of both fraud for profit and fraud for property. Various types and patterns of mortgage fraud - "data manipulation," "data fabrication," and "concerted ignorance"--Completely altered the function of the subprime industry. Toward this end, the industry operated not only to provide bad loans to bad credit borrowers but also to provide bad loans to bad credit borrowers who fully lacked the ability to repay the loans. The social and economic implications of fraud are also explored in light of the findings. From a policy perspective, future fraud prevention and intervention strategies should incorporate a multi-faceted approach that includes strict underwriting standards, regulatory oversight, accountability, and mandatory continuous education for loan practitioners.

How long is Subprime Mortgage Fraud and the U.S. Economic Crisis?

Subprime Mortgage Fraud and the U.S. Economic Crisis by Tomson Hoang Nguyen is 217 pages long, and a total of 55,769 words.

This makes it 73% the length of the average book. It also has 68% more words than the average book.

How Long Does it Take to Read Subprime Mortgage Fraud and the U.S. Economic Crisis Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 4 minutes to read Subprime Mortgage Fraud and the U.S. Economic Crisis aloud.

What Reading Level is Subprime Mortgage Fraud and the U.S. Economic Crisis?

Subprime Mortgage Fraud and the U.S. Economic Crisis is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Subprime Mortgage Fraud and the U.S. Economic Crisis?

Subprime Mortgage Fraud and the U.S. Economic Crisis by Tomson Hoang Nguyen is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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