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Well Worth Saving
Fishback, Price V.; Rose, Jonathan; Snowden, Kenneth
€ 44.99
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Description for Well Worth Saving
Hardcover. Tells the story of the disastrous housing market during the Great Depression and the extent to which an immensely popular New Deal relief program, the Home Owners' Loan Corporation (HOLC), was able to stem foreclosures by buying distressed mortgages from lenders and refinancing them. Series: National Bureau of Economic Research - Long Term Factors in Economic Development. Num Pages: 200 pages, 14 line drawings, 10 tables. BIC Classification: 1KBB; 3JJG; HBJK; HBLW; KCZ. Category: (G) General (US: Trade). Dimension: 229 x 152 x 16. Weight in Grams: 404.
The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system is equipped to deal with credit problems on the scale of the Great Depression. As foreclosures quintupled, it became clear that the mortgage system of the 1920s was not up to the task, and borrowers, lenders, and real estate professionals sought action at the federal level. Well Worth Saving tells ... Read more
The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system is equipped to deal with credit problems on the scale of the Great Depression. As foreclosures quintupled, it became clear that the mortgage system of the 1920s was not up to the task, and borrowers, lenders, and real estate professionals sought action at the federal level. Well Worth Saving tells ... Read more
Product Details
Format
Hardback
Publication date
2013
Publisher
The University of Chicago Press United States
Number of pages
200
Condition
New
Series
National Bureau of Economic Research - Long Term Factors in Economic Development
Number of Pages
192
Place of Publication
, United States
ISBN
9780226082448
SKU
V9780226082448
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Fishback, Price V.; Rose, Jonathan; Snowden, Kenneth
Price Fishback is the Thomas R. Brown Professor of Economics at the University of Arizona and a research associate of the NBER. He is the author or editor of several books, including A Prelude to the Welfare State and Government and the American Economy, both also published by the University of Chicago Press. Jonathan Rose is an economist with the ... Read more
Reviews for Well Worth Saving
"For Well Worth Saving, Price Fishback, Jonathan Rose, and Kenneth Snowden have assembled compelling new data to reassess the costs and benefits of the Home Owners' Loan Corporation, developing the broader intellectual history of housing support and relating their findings to the recent financial crisis in the United States and current government programs aimed at providing relief to distressed mortgage ... Read more