Grass Valley, CA (PRWEB) May 05, 2011
Xlibris, the self-publishing services provider, announced today the release of Collateral Damage: Life as a Mortgage Broker: The Lust and the Bust by author Ralph J. Migliozzi. This book is a story about the implosion of the mortgage industry and the lives of salesmen.
In this book, readers will find the plundering of the mortgage and credit markets as both a comical and tragic story. According to the author, this feat could not have been accomplished without the help of a dedicated and short sighted real estate sales force. Finding ways to qualify unqualified borrowers was the only obstacle in the way of ruining an industry. This could not have been possible without the innovative help of Wall Street salesmen who bribed the bond rating companies into ignoring loan underwriting standards. This is the incredible story of how sales people hijacked common sense and destroyed Main Street.
The contents of this book will shock readers, maybe even anger them, but the story has to be told. Migliozzi invites readers to witness how the salesmen of the mortgage industry were all participants on the road to their industry’s demise. Their roles are evident; no one in it is spared.
For more information on Collateral Damage: Life as a Mortgage Broker, interested parties may log on to http://www.Xlibris.com.
About the Author
Ralph Migliozzi began his career in finance in 1982. After his promotion to management in the consumer finance industry, he moved to Great Western Financial Services where he performed second mortgages. In 1986 he took a commission job originating first mortgages for a mortgage firm. After his promotion to vice president in 1988, he started his own mortgage corporation in 1989. In 1993 he began broadcasting a radio show he produces and hosts, known as “Mortgage Magazine,” on KNCO am in Grass Valley, CA.
Collateral Damage: Life as a Mortgage Broker* by Ralph J. Migliozzi
Publication Date: May 2, 2011
Trade Paperback; $15.99; 364 pages; 978-1-4568-9079-7
Trade Hardback; $22.99; 364 pages; 978-1-4568-9080-3
eBook; $9.99; 978-1-4568-9081-0
Members of the media who wish to review this book may request a complimentary paperback copy by contacting the publisher at (888) 795-4274 x. 7879. To purchase copies of the book for resale, please fax Xlibris at (610) 915-0294 or call (888) 795-4274 x. 7879.
# # #