LEADER 03629cam a22005298i 4500001 99114573233506421 005 20210907140857.0 006 m o d 007 cr mn |||||a|a 008 181217t20192019cau ob 001 0 eng^^ 010 2018060131 020 0520965426 020 9780520965423 |q(electronic bk.) 020 |z9780520291775 (cloth : alk. paper) 035 |9(JSTORDDA)1079399517 035 (OCoLC)on1079399517 035 (NjP)11457323-princetondb 035 |z(NjP)Voyager11457323 037 22573/ctvj7q6pf |bJSTOR 040 DLC |beng |erda |cDLC |dOCLCO |dOCLCF |dN$T |dEBLCP |dJSTOR 042 pcc 050 10 HG2040.5.U62 082 00 332.1/7530979454 |223 090 Electronic Resource 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. 263 1906 264 1 Oakland, California : |bUniversity Of California Press, |c[2019] 264 4 |c©2019 300 1 online resource. 336 text |2rdacontent 337 computer |2rdamedia 338 online resource |2rdacarrier 490 0 California series in public anthropology ; |v44 504 Includes bibliographical references and index. 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. 588 Description based on print version record and CIP data provided by publisher; resource not viewed. 599 Princeton permanent acquistion. 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 776 08 |iPrint version:Stout, Noelle M., 1976- author. |tDispossessed |dOakland, California : University of California Press, [2019] |z9780520291775 |w(DLC) 2018055942 910 JSTOR DDA purchased