Sep 09
From Countrywide’s former Senior VP of Marketing, the first engrossing inside look at Countrywide Home Loans, how the mortgage crisis started-and where it may end.
In July 2004, Adam Michaelson entered “The Vault”-an underground bunker at Countrywide headquarters-for a meeting about a new loan product that would allow borrowers to pay less than their minimum monthly payment. After the “finance jocks” proudly made their case, Michaelson asked one question: “Are you nuts?” Countrywide’s decision-makers believed these new exotic loans were “worth the risk.” The booming housing market would only get bigger, with ever-increasing home values supporting homeowners in a never-ending cycle of borrowing against the virtual value of their homes
Rating: 
(out of 24 reviews)
List Price: $ 25.95
Price: $ 3.78
Tags:
America,
American,
Countrywide,
Crisis,
default,
Dream,
Fall,
Foreclosure,
home,
Inside,
Loans,
Mortgage,
Rise,
Story
Aug 04
Runaway New York Times Best Seller. A true crime non-fiction tale of mobsters, politicians and white collar criminals who looted America’s thrift industry to near extinction.
“Richly textured and suspenseful, studded with enough murder, arson, bribery and sex thay you won’t want to wait for the movie.” (Business Week Magazine.)
Rating: 
(out of 6 reviews)
List Price: $ 24.95
Price: $ 19.75
More Loan Products
Tags:
America's,
Inside,
Loans,
Looting,
Savings
Aug 03
“Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer.” Paul M. Horvitz, University of Houston Market forces, not scoundrels, destroyed the savings and loan business. Lowy draws on years of experience in savings and loan institutions to provide an expert account of the problems that have overwhelmed the nation’s S&Ls and government regulators. The book is written in a clear, readable style that allows Lowy to cogently describe the new market forces, new technologies, and mistakes made by regulators and S&L executives that spelled the end of the savings and loan industry.
Rating: (out of 3 reviews)
List Price: $ 117.95
Price: $ 99.50
Decor Poster. Fine Graphic Art design. 1918 Liberty loan. Home Wall Art. 1758
Decor Poster. Fine Graphic Art design. 1918 Liberty loan. Home Wall Art. 1758
Tags:
Debacle,
High,
Inside,
Loan,
Rollers,
Savings
