Foreclosed : mortgage servicing and the hidden architecture of homeownership in America / Christopher K. Odinet.
Publisher's description: In 'Foreclosed', Christopher K. Odinet gives voice to the stories of homeowners that have been neglected, particularly those facing foreclosure and deep financial distress. The book reveals the powerful and often invisible mortgage servicing industry, the trem...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, United Kingdom ; New York, NY, USA :
Cambridge University Press,
2019.
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| Subjects: |
| Summary: | Publisher's description: In 'Foreclosed', Christopher K. Odinet gives voice to the stories of homeowners that have been neglected, particularly those facing foreclosure and deep financial distress. The book reveals the powerful and often invisible mortgage servicing industry, the tremendous discretionary power it wields over the housing lives of most Americans, and the servicing problems that still persist today. In doing so, it unveils a quiet and dangerous market shift in mortgage servicing - namely, an ongoing move toward a shadow banking sector where regulation is weak - that threatens the stability of our housing finance system. Ultimately, the book demonstrates how the law does not afford homeowners the protection most think and how regulation of these mortgage middlemen remains weak. Foreclosed should be read by anyone concerned with the state of housing and home ownership in the United States. |
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| Physical Description: | xi, 217 pages : illustrations ; 24 cm. |
| Bibliography: | Includes bibliographical references (pages 160-212) and index. |
| ISBN: | 9781108406352 1108406351 9781108418706 1108418708 |