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Report to Congress on the Root Causes of the Foreclosure Crisis

2010-06 Law
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Release : 2010-06
Genre : Law
Kind : eBook
Book Rating : 273/5 ( reviews)

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Book Synopsis Report to Congress on the Root Causes of the Foreclosure Crisis by : Christopher E. Herbert

Download or read book Report to Congress on the Root Causes of the Foreclosure Crisis written by Christopher E. Herbert. This book was released on 2010-06. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.

Foreclosed America

2015-04-01 Social Science
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Release : 2015-04-01
Genre : Social Science
Kind : eBook
Book Rating : 789/5 ( reviews)

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Book Synopsis Foreclosed America by : Isaac Martin

Download or read book Foreclosed America written by Isaac Martin. This book was released on 2015-04-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Homewreckers

2019-10-15 Business & Economics
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Release : 2019-10-15
Genre : Business & Economics
Kind : eBook
Book Rating : 558/5 ( reviews)

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Book Synopsis Homewreckers by : Aaron Glantz

Download or read book Homewreckers written by Aaron Glantz. This book was released on 2019-10-15. Available in PDF, EPUB and Kindle. Book excerpt: “[I] can’t recommend this joint enough. ... An illuminating and discomfiting read.” —Ta-Nehisi Coates "Essential reading." —New York Review of Books A shocking, heart-wrenching investigation into America’s housing crisis and the modern-day robber barons who are making a fortune off the backs of the disenfranchised working and middle class—among them, Donald Trump and his inner circle. Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: “I sort of hope that happens because then people like me would go in and buy,” he said. But our future president wasn’t alone. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize thousands of homes—their profiteering made even easier because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often used taxpayer money—and the Obama administration’s promise to cover their losses. In Homewreckers, Glantz recounts the transformation of straightforward lending into a morass of slivered and combined mortgage “products” that could be bought and sold, accompanied by a shift in priorities and a loosening of regulations and laws that made it good business to lend money to those who wouldn’t be able to repay. Among the men who laughed their way to the bank: Trump cabinet members Steve Mnuchin and Wilbur Ross, Trump pal and confidant Tom Barrack, and billionaire Republican cash cow Steve Schwarzman. Homewreckers also brilliantly weaves together the stories of those most ravaged by the housing crisis. The result is an eye-opening expose of the greed that decimated millions and enriched a gluttonous few.

The Foreclosure of America

2009-01-06 Business & Economics
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Release : 2009-01-06
Genre : Business & Economics
Kind : eBook
Book Rating : 936/5 ( reviews)

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Book Synopsis The Foreclosure of America by : Adam Michaelson

Download or read book The Foreclosure of America written by Adam Michaelson. This book was released on 2009-01-06. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Foreclosure Crisis

2011 Foreclosure
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Release : 2011
Genre : Foreclosure
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Foreclosure Crisis by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book The Foreclosure Crisis written by United States. Congress. House. Committee on Oversight and Government Reform. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt:

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