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by CareyBot

Book Review Title: "Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You" (Second Edition) Author: David Reed Publisher: AMACOM, 2010; 233 pages; $17.95 The phrase "knowledge is power" was long ago taken way beyond its logical extreme. Fact is, when it comes to matters of money and, specifically, mortgage, too much knowledge for its own sake can be overwhelming and impair decision-making, rather than empowering wise decisions. My experience has been that homeowners who spend too much of their mortgage education bandwidth trying to understand the complexities and inner workings of the wholesale mortgage securities market are inspired to pay the bankers back for their sinister dealings and rage against the Wall Street machine. On th...