Planet Money: Zombie 2nd Mortgages
99% Invisible17 Sep 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.

Avsnitt(738)

Thomassons

Thomassons

Cities, like living things, evolve slowly over time. Buildings and structures get added and renovated and removed, and in this process, bits and pieces that get left behind. Vestiges. Just as humans have tailbones and whales have pelvic bones, cities … Continue reading → 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.

26 Aug 201412min

Hacking IKEA

Hacking IKEA

IKEA hacking is the practice of buying things from IKEA and reengineering—or “hacking”—them to become customized, more functional, and often just better designed stuff. The locus of the IKEA hacking movement is a website called IKEAhackers.net. It’s a showcase for … Continue reading → 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.

19 Aug 201418min

The Sound of Sports

The Sound of Sports

Way back in October 2011 (see episode #38, true believers!), we broadcast a short excerpt of a radio documentary produced by Peregrine Andrews about faking the sounds of sports on TV broadcasts. It was one of our most popular and provocative programs … Continue reading → 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.

12 Aug 201458min

Walk This Way

Walk This Way

As humans have developed cities and built environments, we have also needed to develop ways to find our way through them. Sam Greenspan went on a wayfinding tour with Jim Harding in the Atlanta airport. Harding is one of the … Continue reading → 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.

5 Aug 201414min

Duplitecture

Duplitecture

The best knock-offs in the world are in China. There are plenty of fake designer handbags and Rolexes, but China’s knock-offs go way beyond fashion. There are knock-off Apple stores that look so much like the real thing, some employees … Continue reading → 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.

29 Juli 201410min

Longbox

Longbox

Reporter Whitney Jones argues that R.E.M.’s Out of Time is the most politically significant album in the history of the United States. Because of its packaging. 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.

22 Juli 201416min

Snowflake

Snowflake

Well before the early 1500s, when Sir Thomas Moore first coined the term “Utopia,” people have been thinking about how to design their ideal community. Maybe it’s one that doesn’t use money, or one that drops traditional family structures and … Continue reading → 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.

15 Juli 201416min

Good Egress

Good Egress

When designing a commercial structure, there is one safety component that must be designed right into the building from the start: egress. “Egress” refers to an entire exit system from a building: stairs, corridors, and evacuation routes outside the building. Each state’s building … Continue reading → 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.

8 Juli 201415min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
uppgang-och-fall
rss-borsens-finest
avanzapodden
affarsvarlden
fill-or-kill
rikatillsammans-om-privatekonomi-rikedom-i-livet
svd-ledarredaktionen
dynastin
rss-kort-lang-analyspodden-fran-di
rss-dagen-med-di
borsmorgon
kapitalet-en-podd-om-ekonomi
ekonomiekot-extra
ett-rikare-liv
market-makers
montrosepodden
rss-inga-dumma-fragor-om-pengar