Dispossessed : How Predatory Bureaucracy Foreclosed on the American Middle Class

Name: Dispossessed : How Predatory Bureaucracy Foreclosed on the American Middle Class
Brand: University of California Press

University of California Press

In the aftermath of the 2008 financial crisis, more than 14 million U.S. homeowners filed for foreclosure. Focusing on the hard-hit Sacramento Valley, Noelle Stout uncovers the predacious bureaucracy that organized the largest bank seizure of residential homes in U.S. history. Stout reveals the failure of Wall Street banks\u2019 mortgage assistance programs\u2014backed by over $300 billion of federal funds\u2014to deliver on the promise of relief. Unlike the programs of the Great Depression, in which the government took on the toxic mortgage debt of Americans, corporate lenders and loan servicers ultimately denied over 70 percent of homeowner applications. In the voices of bank employees and homeowners, Stout unveils how call center representatives felt about denying appeals and shares the fears of\n\nDispossessed \u2013 How Predatory Bureaucracy Foreclosed on the American Middle Class\nHow Predatory Bureaucracy Foreclosed on the American Middle Class\nFree UK delivery on this item.\;