Legion of Loan Officers Handbook [Paperback] Carpenter, Nicholaus

Description

Shows signs of wear. Jacket may be torn, cover may have creases, pages have some writing and highlighting. May have some water damage. May be a former library book. If you are buying a box set item, the box may not be included.

This well-thumbed copy of the “Legion of Loan Officers Handbook” by Nicholaus Carpenter offers a fascinating glimpse into the arcane world of mortgage lending in the early 21st century. Published during the subprime mortgage crisis that precipitated the Great Recession, this manual provides a contemporaneous account of the lending practices and mindset that contributed to one of the most significant economic events of our time. While the book’s content may seem dry at first glance, it is an invaluable primary source for understanding the complex financial instruments and lax underwriting standards that fueled the housing bubble. Collectors of economic and financial history will appreciate this artifact from a pivotal era, with its annotations and wear serving as a tangible reminder of the handbook’s practical use in the field. Readers interested in the mechanics of the crisis will find this a revealing, if somewhat technical, resource.