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.

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


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Episoder(765)

Mini-Stories: Volume 21

Mini-Stories: Volume 21

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The Checkerboard

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9 Des 38min

U Is for Urbanism

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2 Des 38min

Constitution Breakdown #4: Janet Napolitano

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28 Nov 1h 22min

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Writer Caroline Fraser argues a chilling link between industrial poison, deadly design, and a generation of serial killers in the Pacific Northwest. 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.

25 Nov 27min

The Moving Walkway Is Ending

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People once dreamed of sidewalks that could whisk them across cities. Somehow, that dream ended up at the airport. 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.

18 Nov 39min

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