The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream - Couverture rigide

Michaelson, Adam

Couverture rigide

ISBN 10 : 0425227413 ISBN 13 : 9780425227411

Editeur : Berkley Pub Group, 2009

Synopsis

Unusual book

A propos du livre

Présentation de l'éditeur

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.

Détails de l'édition

• Éditeur: Berkley Pub Group
• Date d'édition: 2009
• Langue: anglais
• ISBN 10: 0425227413
• ISBN 13: 9780425227411
• Reliure: Relié
• Nombre de pages: 354
• Coordonnées du fabricant: non disponible
• Personne responsable: Purmerul LTD; https://strengholt.nl/en/; ; 22 Liuleburgaz Str., floor 4, app. 9; 0; Plovdiv; 4000; Bulgarie