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Origins of the Financial Crisis "Then and Now"

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Quick Loan Funding

Quick Loan Funding targeted people who couldn't afford a down payment and had poor credit... so-called "sub-prime borrowers." Mortgage lender Daniel Sadek, head of Quick Loan Funding, drastically reduced borrowers' credit requirements and may have raked in as much as $5 million a month in personal profits.

After cranking out thousands of sub-prime mortgages, credit began to dry up and Quick Loan eventually closed.