American nightmare : predatory lending and the foreclosure of the American dream by Lord, Richard, 1969- instant download

American nightmare : predatory lending and the foreclosure of the American dream by Lord, Richard, 1969- instant download

233 pages : 20 cm, 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, The widow and the wave -- This little loan went from Main Street to Wall Street -- Where bankers feared to tread -- The contractor-broker axis -- A tale of two Citis -- Servicing with a smile -- From foreclosure street to the subprime interstate -- Mr. Subprime goes to Washington -- The grandma and the greed -- The $80,000 questions