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 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 40,734.72 129 11.29%
2 JPMorgan 32,938.92 93 9.13%
3 Wells Fargo Securities 30,907.51 87 8.57%
4 Bank of America Merrill Lynch 27,917.30 88 7.74%
5 Credit Suisse 22,890.32 71 6.35%