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Hamp: Doomed From The Start, Marc Gans
Hamp: Doomed From The Start, Marc Gans
Marc Gans
This paper will critique the effectiveness of the government's Home Affordable Mortgage Program (HAMP) and its companion programs, and dissect what went wrong. This will include an analysis of strategic defaults, securitization, legal liability, proposed solutions and conclude with what I think should have been done from the start.