LEADER 03896pam a2200517 i 4500001 99114559653506421 005 20230125132228.0 008 181120t20192019caua b 001 0 eng c 010 2018055942 019 1055264648 020 9780520291775 |q(cloth ; |qalk. paper) 020 0520291778 |q(cloth ; |qalk. paper) 020 9780520291782 |q(pbk. ; |qalk. paper) 020 0520291786 |q(pbk. ; |qalk. paper) 035 (NjP)11455965-princetondb 035 |z(OCoLC)1055264648 035 (OCoLC)on1055263162 035 |z(NjP)Voyager11455965 040 CU-S/DLC |beng |erda |cDLC |dOCLCO |dOCLCQ |dOCLCF |dERASA |dCDX 042 pcc 043 n-us-ca 050 00 HG2040.5.U62 |bS76 2019 082 00 332.1/7530979454 |223 100 1 Stout, Noelle M., |d1976- |eauthor. |0http://id.loc.gov/authorities/names/no2013119629 245 10 Dispossessed : |bhow predatory bureaucracy foreclosed on the American middle class / |cNoelle Stout. 264 1 Oakland, California : |bUniversity of California Press, |c[2019] 264 4 |c©2019 300 x, 265 pages : |billustrations ; |c23 cm. 336 text |btxt |2rdacontent 337 unmediated |bn |2rdamedia 338 volume |bnc |2rdacarrier 490 1 California series in public anthropology ; |v44 504 Includes bibliographical references (pages 243-255) and index. 505 0 Introduction: Once sold, twice taken : a life undone -- Dream it, own it : genealogies of speculation and dispossession in the valley -- Put out : bank seizure at the poverty line -- Robbing Peter to pay Paul : relocating the middle class -- Can't work the system : the troubled sympathies of corporate bureaucrats -- We shall not be moved : the shifting moral economies of debt refusal. 520 "In the aftermath of the 2008 financial crisis, more than 14 million U.S. homeowners lost their homes to foreclosure. Focusing on the hard-hit Sacramento Valley, Noelle Stout uncovers the hellish bureaucracy that organized the largest bank seizure of residential homes in U.S. history. Stout reveals the failure of banks' mortgage assistance programs, backed by over $300 billion of federal funds, to deliver on the promise of relief. Unlike the programs of the Great Depression, in which the government took on the toxic mortgage debt of Americans, these corporate bureaucracies ultimately denied 70 percent of homeowner applicants. In the voices of bank employees and 'dispossessed' homeowners, Stout exposes the tense confrontations between borrowers and banks, reveals how call center representatives felt about denying appeals, and shares the fears of families living on the brink of eviction. Stout exposes the everyday life of rising inequality--for whites who felt their middle-class life unraveling to communities of color who experienced a more precipitous and dire decline. Trapped in a maze of mortgage assistance, borrowers began to view debt refusal as a moral response to lenders. Stout shows how these seemingly mundane bureaucratic dramas came to redefine the meaning of debt and dispossession, opening the door to current contests about the meaning of indebtedness"--Provided by publisher. 650 0 Predatory lending |zCalifornia |zSacramento. 650 0 Reverse discrimination in mortgage loans |zCalifornia |zSacramento. 650 0 Collection laws |xMoral and ethical aspects |zCalifornia |zSacramento. 650 7 Predatory lending. |2fast |0(OCoLC)fst01763043 650 7 Reverse discrimination in mortgage loans. |2fast |0(OCoLC)fst01763351 651 7 California |zSacramento. |2fast |0(OCoLC)fst01205542 830 0 California series in public anthropology ; |v44. 852 0 |bf |hHG2040.5.U62 |iS76 2019 902 fb |bs |6a |7m |dv |f1 |e20190801 904 fb |ba |hm |cb |e20190801