{"product_id":"foreclosure-of-america-book-adam-michaelson-9780425233764","title":"The Foreclosure of America","description":"\u003cb\u003eNow in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive.\u003c\/b\u003e\u003cbr\u003e \u003cbr\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.\u003cbr\u003e \u003cbr\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.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50352621551889,"sku":"CIN0425233766G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ WELL_READ \/ SBYB","offer_id":50557258793233,"sku":"CIN0425233766A","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52489142239505,"sku":"NLS9780425233764","price":20.09,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":52951983292689,"sku":"NIN9780425233764","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/B0042P5AL8.jpg?v=1751391329","url":"https:\/\/www.worldofbooks.com\/en-gb\/products\/foreclosure-of-america-book-adam-michaelson-9780425233764","provider":"World of Books ","version":"1.0","type":"link"}