The Mortgage Wars
Inside Fannie Mae, Big-Money Politics, and the Collapse of the American Dream
by Timothy Howard
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Pub Date Dec 03 2013 | Archive Date Jan 29 2014
Description
"Mortgage Wars is one of the most anticipated Fall 2013 Business titles!"
--Publishers Weekly and Bloomberg News
A leading insider tells the real story of the mortgage wars that almost destroyed the global economy
In this no-holds-barred account of the collapse of the mortgage market, Timothy Howard exposes the perfect storm of money, power, ideology, and politics that led to the crisis. Howard was the CFO of Fannie Mae until 2004. At its peak, Fannie Mae was responsible for more than one out of every four home loans in the United States. But by the mid-2000s, what seemed to be the most successful mortgage finance system in the world completely broke down. What happened?
Howard takes you behind the scenes for the first time to show the dramatic struggles between the corporations and the politicians that led to the meltdown. You’ll learn:
* How Fannie Mae was born and evolved into the largest mortgage lender in the world
* How Fannie Mae survived the financial turmoil that killed the thrift industry
* How the subprime market grew, with very little oversight, and eventually exploded
* How political and financial jockeying sparked the mortgage wars
* What we must do to prevent a similar financial crisis from ever happening again
At long last, this inside account tells the unvarnished truth about some of the most controversial subjects of our time
Timothy Howard was Vice Chairman and Chief Financial Officer of Fannie Mae until 2004. He is widely regarded as one of the world’s foremost experts on mortgage financing. Prior to joining Fannie Mae, he was senior financial economist at Wells Fargo Bank in San Francisco.
A Note From the Publisher
Also, available in e-book
Advance Praise
“An essential contribution to understanding the roots of our most recent financial crisis, enriched by a deeper review of the history of American home financing." --Kirkus Reviews
“With great attention to detail, Howard charts business decisions over a five-decade span and leading up to the company's downfall.“ --Publishers Weekly
“The Mortgage Wars is riveting— an essential read for anyone who wants to know how we can avoid another meltdown like the devastating financial crisis of 2008.”
--Junheng Li, Founder and Head of Research, JL Warren Capital; author of Tiger Woman on Wall Street
“I learned a lot from The Mortgage Wars and highly recommend it.”
--Jens Nordvig, Head of Fixed Income Research Americas, Nomura Securities; author of The Fall of the Euro
“Timothy Howard is the new rock star of financial exposés… Required reading for anyone with an interest in the capital markets.”
— Norb Vonnegut, author of The Trust
Marketing Plan
PROMOTIONAL CAMPAIGN
National TV Campaign * National Print Campaign * National Online and Social Media Campaign *National Radio Campaign
PROMOTIONAL CAMPAIGN
National TV Campaign * National Print Campaign * National Online and Social Media Campaign *National Radio Campaign
Available Editions
| EDITION | Hardcover |
| ISBN | 9780071821094 |
| PRICE | $30.00 (USD) |
