Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
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We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its
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美国国家经济研究局创建时间：
2012-08-01
