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American Nightmare: Predatory Lending and the Foreclosure of the American Dream

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American Nightmare: Predatory Lending and the Foreclosure of the American Dream Cover

 

Synopses & Reviews

Publisher Comments:

Homeowners who can’t borrow from banks have long turned to the subprime lending industry for mortgages. Increasingly, that industry has turned on them by charging outrageous fees and usurious interest, and then taking their homes through foreclosure. Richard Lord explores the spread of predatory lending practices. And it tells the stories of borrowers who’ve been taken, contractors and brokers who’ve been co-opted, lenders who’ve cheated—and the world’s biggest financial titans, who’ve cashed in. A battle is taking shape that could determine whether home ownership for working people will be an achievable dream or an American nightmare.

Richard Lord is a writer for the Pittsburgh City Paper whose work on subprime lending has won numerous awards.

Book News Annotation:

Journalist Lord exposes the growth of subprime lending and its connections to predatory lending and rising foreclosure rates in the United States. He examines how changes in law and the banking industry have led to the growing problem and illustrates its pernicious effects on borrowers through the inclusion of personal stories of individuals victimized by the situation.
Annotation 2004 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Wall Street is hungry for your house--and wants Washington to serve it on a platter.

About the Author

Richard Lord is a writer for the Pittsburgh City Paper whose work on subprime lending has won numerous awards and appeared in national forums.

Product Details

ISBN:
9781567513042
Manufactured:
Common Courage Press
Publisher:
Common Courage Press
Manufactured by:
Common Courage Press
Manufactured:
Common Courage Press
Author:
Lord, Richard
Subject:
General
Subject:
Mortgage loans
Subject:
Government & Business
Subject:
Consumer credit
Subject:
Industries - Agribusiness
Subject:
General Business & Economics
Subject:
Government - U.S. Government
Subject:
Mortgage loans -- United States.
Subject:
Consumer credit -- United States.
Subject:
Business - General
Subject:
Business Ethics
Copyright:
Edition Description:
Trade Paper
Publication Date:
October 2004
Binding:
TRADE PAPER
Grade Level:
General/trade
Language:
English
Illustrations:
Y
Pages:
352
Dimensions:
7.6 x 5 x 0.6 in 10 oz

Related Subjects

Business » Business Law
Business » Ethics
Business » General
Business » Management
Business » Real Estate
Business » Writing
History and Social Science » Politics » General

American Nightmare: Predatory Lending and the Foreclosure of the American Dream New Trade Paper
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Product details 352 pages Common Courage Press - English 9781567513042 Reviews:
"Synopsis" by ,
Wall Street is hungry for your house--and wants Washington to serve it on a platter.
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