Foreclosed :: high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface /
In 2007 and 2008, 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. Foreclosed explains the rise of high-risk lending and why these ne...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Ithaca :
Cornell University Press,
2009.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In 2007 and 2008, 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. Foreclosed explains the rise of high-risk lending and why these newer types of loans-and their associated regulatory infrastructure-failed in substantial ways. Dan Immergluck narrates the boom in subprime and exotic loans, recounting how financial innovations and deregulation facilitated excessive risk-taking, 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 home ownership and the history of mortgages in the United States. The changes to the mortgage market over the past fifteen years-including the securitization of mortgages and the failure of regulators to maintain control over a much riskier array of mortgage products-led, he finds, inexorably to the current crisis. After describing the development of generally stable and risk-limiting mortgage markets throughout much of the twentieth century, Foreclosed details how federal policy-makers failed to regulate the new high-risk lending markets that arose in the late 1990's and early 2000's. 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 home ownership as an option for a broad set of households and communities. The 2011 edition features a new preface by the author addressing the ongoing global economic crisis and the impact of U.S. financial reform efforts on the mortgage system |
| Beschreibung: | 1 online resource (xxvi, 251 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780801458828 080145882X |
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| 100 | 1 | |a Immergluck, Daniel. | |
| 245 | 1 | 0 | |a Foreclosed : |b high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / |c Dan Immergluck. |
| 260 | |a Ithaca : |b Cornell University Press, |c 2009. | ||
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| 504 | |a Includes bibliographical references and index. | ||
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| 588 | 0 | |a Print version record. | |
| 520 | |a In 2007 and 2008, 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. Foreclosed explains the rise of high-risk lending and why these newer types of loans-and their associated regulatory infrastructure-failed in substantial ways. Dan Immergluck narrates the boom in subprime and exotic loans, recounting how financial innovations and deregulation facilitated excessive risk-taking, 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 home ownership and the history of mortgages in the United States. The changes to the mortgage market over the past fifteen years-including the securitization of mortgages and the failure of regulators to maintain control over a much riskier array of mortgage products-led, he finds, inexorably to the current crisis. After describing the development of generally stable and risk-limiting mortgage markets throughout much of the twentieth century, Foreclosed details how federal policy-makers failed to regulate the new high-risk lending markets that arose in the late 1990's and early 2000's. 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 home ownership as an option for a broad set of households and communities. The 2011 edition features a new preface by the author addressing the ongoing global economic crisis and the impact of U.S. financial reform efforts on the mortgage system | ||
| 650 | 0 | |a Mortgage loans |z United States. | |
| 650 | 0 | |a Mortgage loans |x Government policy |z United States. | |
| 650 | 0 | |a Subprime mortgage loans |z United States. | |
| 650 | 0 | |a Foreclosure |z United States. | |
| 650 | 0 | |a Financial services industry |x Deregulation |z United States. | |
| 650 | 0 | |a Housing |x Finance |x Government policy |z United States. | |
| 650 | 0 | |a Financial crises |z United States. | |
| 650 | 6 | |a Prêts hypothécaires |z États-Unis. | |
| 650 | 6 | |a Prêts hypothécaires |x Politique gouvernementale |z États-Unis. | |
| 650 | 6 | |a Prêts hypothécaires à risque |z États-Unis. | |
| 650 | 6 | |a Forclusion d'une hypothèque |z États-Unis. | |
| 650 | 6 | |a Services financiers |x Déréglementation |z États-Unis. | |
| 650 | 6 | |a Logement |x Finances |x Politique gouvernementale |z États-Unis. | |
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| 650 | 7 | |a Foreclosure |2 fast | |
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| 650 | 7 | |a Mortgage loans |2 fast | |
| 650 | 7 | |a Mortgage loans |x Government policy |2 fast | |
| 650 | 7 | |a Subprime mortgage loans |2 fast | |
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| contents | U.S. mortgage market development and federal policy to the early 1990s -- Mortgage market disparities and the dual regulatory system in the twentieth century -- The high-risk revolution -- Mortgage market breakdown : the contributions of transactional failures, conflicts of interest, and global capital surpluses -- The economic and social costs of high-risk mortgage lending -- High-risk lending and public policy, 1995-2008 -- Policies for fair, affordable, and sustainable mortgage markets. |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.1/753 |
| dewey-search | 332.1/753 |
| dewey-sort | 3332.1 3753 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| indexdate | 2024-11-26T14:49:03Z |
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| isbn | 9780801458828 080145882X |
| language | English |
| oclc_num | 732957151 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xxvi, 251 pages) : illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Cornell University Press, |
| record_format | marc |
| spelling | Immergluck, Daniel. Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / Dan Immergluck. Ithaca : Cornell University Press, 2009. 1 online resource (xxvi, 251 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 Includes bibliographical references and index. U.S. mortgage market development and federal policy to the early 1990s -- Mortgage market disparities and the dual regulatory system in the twentieth century -- The high-risk revolution -- Mortgage market breakdown : the contributions of transactional failures, conflicts of interest, and global capital surpluses -- The economic and social costs of high-risk mortgage lending -- High-risk lending and public policy, 1995-2008 -- Policies for fair, affordable, and sustainable mortgage markets. Print version record. In 2007 and 2008, 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. Foreclosed explains the rise of high-risk lending and why these newer types of loans-and their associated regulatory infrastructure-failed in substantial ways. Dan Immergluck narrates the boom in subprime and exotic loans, recounting how financial innovations and deregulation facilitated excessive risk-taking, 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 home ownership and the history of mortgages in the United States. The changes to the mortgage market over the past fifteen years-including the securitization of mortgages and the failure of regulators to maintain control over a much riskier array of mortgage products-led, he finds, inexorably to the current crisis. After describing the development of generally stable and risk-limiting mortgage markets throughout much of the twentieth century, Foreclosed details how federal policy-makers failed to regulate the new high-risk lending markets that arose in the late 1990's and early 2000's. 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 home ownership as an option for a broad set of households and communities. The 2011 edition features a new preface by the author addressing the ongoing global economic crisis and the impact of U.S. financial reform efforts on the mortgage system Mortgage loans United States. Mortgage loans Government policy United States. Subprime mortgage loans United States. Foreclosure United States. Financial services industry Deregulation United States. Housing Finance Government policy United States. Financial crises United States. Prêts hypothécaires États-Unis. Prêts hypothécaires Politique gouvernementale États-Unis. Prêts hypothécaires à risque États-Unis. Forclusion d'une hypothèque États-Unis. Services financiers Déréglementation États-Unis. Logement Finances Politique gouvernementale États-Unis. POLITICAL SCIENCE Public Policy City Planning & Urban Development. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Financial crises fast Financial services industry Deregulation fast Foreclosure fast Housing Finance Government policy fast Mortgage loans fast Mortgage loans Government policy fast Subprime mortgage loans fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Print version: Immergluck, Daniel. Foreclosed. Ithaca : Cornell University Press, 2009 (DLC) 2008052549 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=673723 Volltext |
| spellingShingle | Immergluck, Daniel Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / U.S. mortgage market development and federal policy to the early 1990s -- Mortgage market disparities and the dual regulatory system in the twentieth century -- The high-risk revolution -- Mortgage market breakdown : the contributions of transactional failures, conflicts of interest, and global capital surpluses -- The economic and social costs of high-risk mortgage lending -- High-risk lending and public policy, 1995-2008 -- Policies for fair, affordable, and sustainable mortgage markets. Mortgage loans United States. Mortgage loans Government policy United States. Subprime mortgage loans United States. Foreclosure United States. Financial services industry Deregulation United States. Housing Finance Government policy United States. Financial crises United States. Prêts hypothécaires États-Unis. Prêts hypothécaires Politique gouvernementale États-Unis. Prêts hypothécaires à risque États-Unis. Forclusion d'une hypothèque États-Unis. Services financiers Déréglementation États-Unis. Logement Finances Politique gouvernementale États-Unis. POLITICAL SCIENCE Public Policy City Planning & Urban Development. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Financial crises fast Financial services industry Deregulation fast Foreclosure fast Housing Finance Government policy fast Mortgage loans fast Mortgage loans Government policy fast Subprime mortgage loans fast |
| title | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / |
| title_auth | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / |
| title_exact_search | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / |
| title_full | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / Dan Immergluck. |
| title_fullStr | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / Dan Immergluck. |
| title_full_unstemmed | Foreclosed : high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / Dan Immergluck. |
| title_short | Foreclosed : |
| title_sort | foreclosed high risk lending deregulation and the undermining of america s mortgage market with a new preface |
| title_sub | high-risk lending, deregulation, and the undermining of America's mortgage market : with a new preface / |
| topic | Mortgage loans United States. Mortgage loans Government policy United States. Subprime mortgage loans United States. Foreclosure United States. Financial services industry Deregulation United States. Housing Finance Government policy United States. Financial crises United States. Prêts hypothécaires États-Unis. Prêts hypothécaires Politique gouvernementale États-Unis. Prêts hypothécaires à risque États-Unis. Forclusion d'une hypothèque États-Unis. Services financiers Déréglementation États-Unis. Logement Finances Politique gouvernementale États-Unis. POLITICAL SCIENCE Public Policy City Planning & Urban Development. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Financial crises fast Financial services industry Deregulation fast Foreclosure fast Housing Finance Government policy fast Mortgage loans fast Mortgage loans Government policy fast Subprime mortgage loans fast |
| topic_facet | Mortgage loans United States. Mortgage loans Government policy United States. Subprime mortgage loans United States. Foreclosure United States. Financial services industry Deregulation United States. Housing Finance Government policy United States. Financial crises United States. Prêts hypothécaires États-Unis. Prêts hypothécaires Politique gouvernementale États-Unis. Prêts hypothécaires à risque États-Unis. Forclusion d'une hypothèque États-Unis. Services financiers Déréglementation États-Unis. Logement Finances Politique gouvernementale États-Unis. POLITICAL SCIENCE Public Policy City Planning & Urban Development. BUSINESS & ECONOMICS Finance. Financial crises Financial services industry Deregulation Foreclosure Housing Finance Government policy Mortgage loans Mortgage loans Government policy Subprime mortgage loans United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=673723 |
| work_keys_str_mv | AT immergluckdaniel foreclosedhighrisklendingderegulationandtheunderminingofamericasmortgagemarketwithanewpreface |