99% Invisible17 Syys 2024

Planet Money: Zombie 2nd Mortgages

Karen MacDonough had paid her mortgage for years, raised her family, and lived a quiet life in her Quincy, Massachusetts home—until one day, a group of strangers appeared on her lawn, claiming her house was up for foreclosure. What followed was a surreal discovery of “zombie mortgages,” forgotten second loans from the housing bubble era that have come back to haunt homeowners like Karen. As real estate prices rise, debt collectors are reviving these dormant debts, threatening homes across the country.

This episode is from our friends at Planet Money, a podcast about economics...possibly the biggest thing that we all collectively try not to think about, only to have it greet us at the grocery store, at the gas station, even in our homes. This episode illustrates how massive forces pull at the economy like tides and create ripple effects in our lives, like how a decade-old loan can suddenly come back to life and take everything away.

Subscribe to Planet Money wherever you get your podcasts. They also have a digital piece with further reporting on Zombie Mortgages from NPR’s Investigations Team. You can find that at npr.org/zombie.

Subscribe to SiriusXM Podcasts+ to listen to new episodes of 99% Invisible ad-free and a whole week early.

Start a free trial now on Apple Podcasts or by visiting siriusxm.com/podcastsplus.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(790)

Enshittification

Why is it suddenly so hard to fix the stuff we depend on most? Subscribe to SiriusXM Podcasts+ to listen to new episodes of 99% Invisible ad-free and a whole week early. Start a free trial now on Appl...

5 Touko 35min

Citizen of the World

One man rejected nationality and dared the world to recognize him anyway. Listen to Far From Home wherever you get your podcasts. Subscribe to SiriusXM Podcasts+ to listen to new episodes of 99% Invis...

28 Huhti 40min

Constitution Breakdown #9: Alondra Nelson

This is the ninth episode of our ongoing series breaking down the U.S. Constitution. This month, Roman and Elizabeth discuss Article VI and VII, which include some odds and ends like the Debts Clause,...

24 Huhti 1h 5min

Co-op City

The world’s largest housing co-op—built to save New York City’s middle class—became the unlikely site of a resident revolt Subscribe to SiriusXM Podcasts+ to listen to new episodes of 99% Invisible ad...

21 Huhti 37min

RoboUmp Hits the Big Leagues

One study from 2018 found that Major League Baseball umpires blow about 14 calls every game. That’s 34,000 bad calls every year. And it makes a difference. A blown strike call can decide a win or a lo...

14 Huhti 31min

Service Request #5: Dude, Where's My Car?

A missing car reveals the confusing rules, murky fees, and private actors behind modern towing. What infrastructure mystery keeps you up at night? Submit your Service Request by recording a voice memo...

7 Huhti 32min

Service Request #4: How Does the Grid in Phoenix Work?

In a place where losing power can turn deadly, keeping the lights on is a high-stakes balancing act. What infrastructure mystery keeps you up at night? Submit your Service Request by recording a voice...

3 Huhti 33min

Service Request #3: Why Is There So Much Litter in San Francisco?

Why did it take nearly a decade to redesign a city trash can, and why haven't more bins made the streets cleaner? What infrastructure mystery keeps you up at night? Submit your Service Request by reco...

31 Maalis 28min