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The Home Affordable Modification Program

In: The Subprime Crisis Lessons for Business Students

Author

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  • Jaime Luque

    (1University of Wisconsin-Madison, USA)

Abstract

Ensuing the drastic spike in foreclosures, which was initiated in 2008, housing prices plummeted and the housing market faced a dire need to deal with foreclosures in a way that would help to prevent them. The federal government intervened with targeting foreclosure avoidance. Understanding the rationale behind this policy is essential in our analysis of governments’ role in the economy as more than just a regulatory body, but as an institution responsible for implementing reactionary measures to catastrophic events such as the subprime mortgage crisis…

Suggested Citation

  • Jaime Luque, 2017. "The Home Affordable Modification Program," World Scientific Book Chapters, in: The Subprime Crisis Lessons for Business Students, chapter 19, pages 161-167, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813200043_0019
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    More about this item

    Keywords

    Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets

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