Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program

By Sumit Agarwal, Gene Amromin, Itzhak Ben-David, S. Chomsisengphet, Tomasz Piskorski, Amit Seru. Journal of Political Economy, 2016

311 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2dc81cc7e46ab09debb97057d699b7441e8affcc

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Citations in the corpus

Mortgage Design in an Equilibrium Model of the Housing Market (2018, unknown): “Similarly, studies that exploit quasi-random variation in housing market interventions durring the Great Recession such as the Home Affordable Refinance Program (HARP) (Agarwal et al. (2020)) and the Home Affordable Modification Program (HAMP) (Agarwal et al. (2017), Ganong and Noel (2020)) find tha”
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program (2015, unknown): “This evidence is consistent with Agarwal et al. (2012), who find that mortgage modification programs, when used with sufficient intensity, may improve a range of economic outcomes.”
Regional Heterogeneity and Monetary Policy (2019, unknown): “52Existing research has shown that institutional features such as servicer participation and market power matter for the consequences of these policies as actually implemented (Agarwal et al., 2016, 2015).”
Low-Income Housing Policy (2015, background): “38 subsidy in low-rent neighborhoods. Collinson and Ganong (2014) evaluate this policy change from a single metro-wide maximum subsidy to ZIP-code voucher subsidy ceilings in the Dallas metro area.”
Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005 (2017, unknown): “Column 7 uses credit score of individuals in the data used in Mian and Sufi (2011). We measure the credit score of people moving into a zip code from 2002 to 2005 minus the credit scores of people living in the zip code as of 2002 according to the credit bureau.”
Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging (2017, methodology): “This evidence is consistent with Agarwal et al. (2017), who find that mortgage modification programs, when used with sufficient intensity, may improve a range of economic outcomes.”
The Housing Boom and Bust: Model Meets Evidence (2017, unknown): “These programs had limited success (Agarwal et al. 2013) and were criticized for their complex rules and narrow scope (see Posner and Zingales 2009 for a critical review of the proposals).”