{"product_id":"the-foreclosure-of-america-life-inside-countrywide-home-loans-and-the-selling-of-the-american-dream-9780425233764","title":"The Foreclosure of America: Life Inside Countrywide Home Loans, and the Selling of the American Dream","description":"\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 \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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Penguin Publishing Group\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/06\/2010\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780425233764\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.69lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.20h x 5.48w x 1.01d","brand":"Adam Michaelson","offers":[{"title":"Default Title","offer_id":52507511193781,"sku":"9780425233764","price":22.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/files\/img_df5968c7-cb3b-4571-99c2-28cad2b781c2.jpg?v=1778565491","url":"https:\/\/pastforward.org\/products\/the-foreclosure-of-america-life-inside-countrywide-home-loans-and-the-selling-of-the-american-dream-9780425233764","provider":"Past Forward","version":"1.0","type":"link"}