RT Journal Article
SR Electronic
T1 Bolstering Home Finance: <em>Reconciling Policy Initiatives and Investor Protections</em>
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 6
OP 20
DO 10.3905/jsf.2010.2010.1.001
VO 16
IS 1
A1 Diane R. Maurice
A1 Charlie Yan
A1 Warren Kwan
A1 Vineet Gupta
YR 2010
UL https://pm-research.com/content/16/1/6.abstract
AB The current policy initiatives to support housing finance, the Home Affordable Modification Program (HAMP), the Homeowner Affordability and Stability Plan (HASP), and Help for Homeownerss (H4H), are expected to counter the lingering impact of the credit crisis on homeowners, but they are also expected to have unintended consequences. As those programs favor homeowners, private investment, a traditionally significant source for housing finance, may be curtailed. This article provides an overview of the policy initiatives, the strategies, and outcomes of the mortgage loan modification programs, and the impact on investors.TOPICS: Portfolio theory, portfolio construction, fixed-income portfolio management