Foreclosed America
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Foreclosed America
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Author : Isaac Martin
language : en
Publisher: Stanford University Press
Release Date : 2015-04-01
Foreclosed America written by Isaac Martin and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-01 with Social Science categories.
From 2007 to 2012, almost five percent of American adults—about ten million people—lost their homes because they could not make mortgage payments. The scale of this home mortgage crisis is unprecedented—and it's not over. Foreclosures still displace more American homeowners every year than at any time before the twenty-first century. The dispossession and forced displacement of American families affects their health, educational success, and access to jobs. It continues to block any real recovery in the hardest-hit communities. While we now know a lot about how this crisis affected the global economy, we still know very little about how it affected the people who lost their homes. Foreclosed America offers the first representative portrait of those people—who they are, how and where they live after losing their homes, and what they have to say about their finances, their neighborhoods, and American politics. It is a sobering picture of Americans down on their luck, and of a crisis that is testing American democracy.
Foreclosure Predatory Mortgage And Payday Lending In America S Cities
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Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy
language : en
Publisher:
Release Date : 2007
Foreclosure Predatory Mortgage And Payday Lending In America S Cities written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Foreclosed Rehousing The American Dream
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Author :
language : en
Publisher: The Museum of Modern Art
Release Date :
Foreclosed Rehousing The American Dream written by and has been published by The Museum of Modern Art this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
A Dream Foreclosed
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Author : Laura Gottesdiener
language : en
Publisher: Zuccotti Park Press
Release Date : 2013
A Dream Foreclosed written by Laura Gottesdiener and has been published by Zuccotti Park Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Biography & Autobiography categories.
A moving exploration of homeownership, freedom, and the American Dream in light of the ongoing financial crisis and mass foreclosure.
The Foreclosure Of America
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Author : Adam Michaelson
language : en
Publisher: Penguin
Release Date : 2009-01-06
The Foreclosure Of America written by Adam Michaelson and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-06 with Business & Economics categories.
Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider's knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.
Foreclosed
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Author : Daniel Immergluck
language : en
Publisher: Cornell University Press
Release Date : 2011-07-20
Foreclosed written by Daniel Immergluck and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-20 with Social Science categories.
Over the last two years, the United States has observed, with some horror, the explosion and collapse of entire segments of the housing market, especially those driven by subprime and alternative or "exotic" home mortgage lending. The unfortunately timely Foreclosed explains the rise of high-risk lending and why these newer types of loans—and their associated regulatory infrastructure—failed in substantial ways. Dan Immergluck narrates the boom in subprime and exotic loans, recounting how financial innovations and deregulation facilitated excessive risk-taking, and how these loans have harmed different populations and communities. Immergluck, who has been working, researching, and writing on issues tied to housing finance and neighborhood change for almost twenty years, has an intimate knowledge of the promotion of homeownership and the history of mortgages in the United States. The changes to the mortgage market over the past fifteen years—including the securitization of mortgages and the failure of regulators to maintain control over a much riskier array of mortgage products—led, he finds, inexorably to the current crisis. After describing the development of generally stable and risk-limiting mortgage markets throughout much of the twentieth century, Foreclosed details how federal policy-makers failed to regulate the new high-risk lending markets that arose in the late 1990s and early 2000s. The book also examines federal, state, and local efforts to deal with the mortgage and foreclosure crisis of 2007 and 2008. Immergluck draws upon his wealth of experience to provide an overarching set of principles and a detailed set of policy recommendations for "righting the ship" of U.S. housing finance in ways that will promote affordable yet sustainable homeownership as an option for a broad set of households and communities.
Foreclosed
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Author : Christopher K. Odinet
language : en
Publisher: Cambridge University Press
Release Date : 2019-02-07
Foreclosed written by Christopher K. Odinet and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-07 with Business & Economics categories.
Analyzes the poorly regulated world of mortgage servicers and offers reforms designed to protect consumers and ensure financial stability.
Foreclosed Justice
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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 2011
Foreclosed Justice written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Homeownership And America S Financial Underclass
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Author : Mechele Dickerson
language : en
Publisher: Cambridge University Press
Release Date : 2014-06-30
Homeownership And America S Financial Underclass written by Mechele Dickerson and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-30 with Business & Economics categories.
Why does America have a love affair with homeownership? For many, buying a home is no longer in their best interest and may harm their children's educational opportunities. This book argues that US leaders need to re-evaluate housing policies and develop new ones that ensure that all Americans have access to affordable housing, whether rented or owned. After describing common myths, the book shows why the circumstances now faced by America's financial underclass make it impossible for them to benefit from homeownership because they cannot afford to buy homes. It then exposes the risks of 'home buying while brown or black,' discussing US policies that made it easier for whites to buy homes, but harder and more costly for blacks and Latinos to do so. The book argues that remaining racial discrimination and certain demographic features continue to make it harder for blacks and Latinos to receive homeownership's promised benefits.
Dispossessed
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Author : Noelle Stout
language : en
Publisher: University of California Press
Release Date : 2019-06-04
Dispossessed written by Noelle Stout and has been published by University of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-04 with Social Science categories.
In the aftermath of the 2008 financial crisis, more than 14 million U.S. homeowners filed for foreclosure. Focusing on the hard-hit Sacramento Valley, Noelle Stout uncovers the predacious bureaucracy that organized the largest bank seizure of residential homes in U.S. history. Stout reveals the failure of Wall Street banks’ mortgage assistance programs—backed by over $300 billion of federal funds—to deliver on the promise of relief. Unlike the programs of the Great Depression, in which the government took on the toxic mortgage debt of Americans, corporate lenders and loan servicers ultimately denied over 70 percent of homeowner applications. In the voices of bank employees and homeowners, Stout unveils how call center representatives felt about denying appeals and shares the fears of families living on the brink of eviction. Stout discloses the impacts of rising inequality on homeowners—from whites who felt their middle-class life unraveling to communities of color who experienced a more precipitous and dire decline. Trapped in a Kafkaesque maze of mortgage assistance, borrowers began to view debt refusal as a moral response to lenders, as seemingly mundane bureaucratic dramas came to redefine the meaning of debt and dispossession.