{"product_id":"the-foreclosure-of-america-life-inside-countrywide-home-loans-and-the-selling-of-the-american-dream-paperback","title":"The Foreclosure of America: Life Inside Countrywide Home Loans, and the Selling of the American Dream - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eAdam Michaelson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003e Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e 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 \u003ci\u003eless\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003e 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.\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 384\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.01 x 8.2 x 5.48 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 06, 2010\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52319956926738,"sku":"9780425233764","price":27.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/8hQu49bdwJ9780425233764.webp?v=1780225004","url":"https:\/\/ckbookstore.net\/products\/the-foreclosure-of-america-life-inside-countrywide-home-loans-and-the-selling-of-the-american-dream-paperback","provider":"CK BOOKSTORE","version":"1.0","type":"link"}