Predatory Lending and the Destruction of the African-American Dream

ISBN-13: 9781108496063 / Angielski / Twarda / 2020 / 326 str.

Janis Sarra; Cheryl Wade

Opis

Examines predatory practices in mortgage markets to provide invaluable insight into the racial wealth gap between black and white Americans.

Recenzje

'Sarra and Wade offer a detailed, scholarly study of this regrettable situation that will be illuminating for students and researchers alike. Recommended.' T. E. Sullivan, Choice

Spis treści

1. Introduction; 2. Foreclosure: at what cost and to whom?; 3. Predatory lending practices prior to the global financial crisis; 4. Predatory lending targeted African Americans; 5. The implications of the collapse of the mortgage-backed securities market for consumer borrowers; 6. A missed opportunity; 7. Financial crisis reforms woefully inadequate; 8. Incomplete justice: legal actions against predatory lenders; 9. A subprime loan by any other name is just as predatory; 10. 'Foregiveness', rather than forebearance or foreclosure; Appendix I.