HAMP Doomed To Fail, Says IMF

The International Monetary Fund says faulty design of the U.S. Department of Treasury’s Home Affordable Modification Program doomed it to failure.

  • 10 Apr 2012

The International Monetary Fund says faulty design of the U.S. Department of Treasury’s Home Affordable Modification Program doomed it to failure. The IMF, in an article in one of its publications, cited limited incentives for parties to participate and strict eligibility criteria for borrowers.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

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3 Citi 128,092.49 391 10.02%
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5 Credit Suisse 83,527.48 254 6.54%