Title
Foreclosed: Highrisk Lending, Deregulation, And The Undermining Of America'S Mortgage Market,New
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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 Highrisk Lending And Why These Newer Types Of Loansand Their Associated Regulatory Infrastructurefailed In Substantial Ways. Dan Immergluck Narrates The Boom In Subprime And Exotic Loans, Recounting How Financial Innovations And Deregulation Facilitated Excessive Risktaking, 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 Yearsincluding The Securitization Of Mortgages And The Failure Of Regulators To Maintain Control Over A Much Riskier Array Of Mortgage Productsled, He Finds, Inexorably To The Current Crisis.After Describing The Development Of Generally Stable And Risklimiting Mortgage Markets Throughout Much Of The Twentieth Century, Foreclosed Details How Federal Policymakers Failed To Regulate The New Highrisk 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.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does the book have? A: The book has two hundred eighty pages. It provides a comprehensive exploration of high-risk lending and its impact on the mortgage market.
- Q: What kind of binding does this book have? A: The book is hardcover. This durable binding style is ideal for preserving the book over time.
- Q: Who is the author of this book? A: The author is Daniel Immergluck. He has over twenty years of experience in housing finance and related research.
- Q: What is the main topic of the book? A: The main topic is high-risk lending in America. The book discusses how deregulation and financial innovations led to a housing market crisis.
- Q: What category does this book fall under? A: The book falls under Economic Policy & Development. It addresses significant economic issues tied to housing finance.
- Q: How can I use this book to understand the mortgage crisis? A: You can read this book as a comprehensive resource on the mortgage crisis. It provides insights into the causes and consequences of high-risk lending.
- Q: Is this book suitable for someone new to economic policy? A: Yes, the book is suitable for beginners. It explains complex topics in an accessible manner without assuming prior knowledge.
- Q: What is the reading level of this book? A: The reading level is appropriate for adults and advanced high school students. It discusses intricate economic concepts clearly.
- Q: How should I store this hardcover book? A: Store the book upright on a shelf. This will help maintain its shape and prevent damage to the binding.
- Q: Can I clean the cover of the book? A: Yes, you can gently wipe the cover with a soft, dry cloth. Avoid using water or cleaning solutions to prevent damage.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact customer service for a return or replacement. They typically have policies in place for such issues.
- Q: Is there a warranty for this book? A: No, books generally do not come with a warranty. However, check the retailer's return policy for details.
- Q: How do I return the book if I don't like it? A: You can return the book by following the retailer's return process. Most retailers offer a specified period for returns.
- Q: What are the key recommendations discussed in the book? A: The key recommendations focus on policy changes to promote sustainable homeownership. Immergluck suggests balancing risk with accessibility.
- Q: Does this book include case studies or examples? A: Yes, the book includes case studies. It illustrates the impact of high-risk lending on various communities across the U.S.
- Q: Is this book relevant for current economic trends? A: Yes, the book is highly relevant. It discusses historical patterns that can inform current economic policy and market behavior.