My most recent book, FORECLOSED.
HIGH-RISK LENDING, DEREGULATION AND THE UNDERMINING OF AMERICA’S MORTGAGE MARKET, was published in 2009, 2011 by Cornell University Press.
"Foreclosed is a well-documented and engaging account of how the United States built and then, by dismantling safeguards and ignoring the consequences of unbridled complexity, destroyed one of the world's most effective and democratic housing systems.."
--Ellen Seidman, Senior Fellow in the
“Foreclosed is a must-read for anyone who wants to understand how the mortgage market really works and the sources of the current mortgage market meltdown.”
--Susan M. Wachter,
Richard B. Worley Professor of Financial Management, Professor of Real Estate
and Finance, and Co-Director, Institute for Urban Research, The
"Foreclosed will elicit a chorus of thank-yous to Dan Immergluck. In this clear and compelling analysis, the roots of the subprime crisis are untangled with precision and sophistication. This timely effort is sure to become a key resource to those who wonder what happened and why, and what needs to be done to prevent future catastrophes."
"Foreclosed is accessible, comprehensive, informative, and insightful. It provides a critical but balanced analysis of the current mortgage crisis, its origins, consequences, and solutions. It is very well written and will appeal to a broad audience including policymakers, policy analysts, bankers, and lawyers. Dan Immergluck's recommendations couldn't be more timely."
--Alex Schwartz, Milano The New School for Management, author of Housing Policy in the United States