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The Foreclosure of America: Life Inside Countrywide Home Loans and the Selling of the American Dream

Author: Michaelson, Adam

Publisher: Berkley Trade

Format:Paperback
List Price:$16.00
Our Price:$4.99 (69% OFF) USD
Stock:139

Overview:

The Foreclosure of America: Life Inside Countrywide Home Loans and the Selling of the American Dream : 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.


Category   Subject
Business & Economics   Business Life

ISBN 13:9780425233764
ISBN 10:0425233766
Format:Paperback
Language:English
Pages:354
Size:8.19" l x 5.35" w x 1.10" h
Ages:
Grade Lvl:

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