GC Asia
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.
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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