Honors Program
Honors in Business
Date of Award
12-2012
Thesis Professor(s)
Douglas Dotterweich
Thesis Professor Department
Accountancy
Thesis Reader(s)
Gary Burkette, Thomas Moore
Abstract
After the recent housing bubble burst, foreclosures ran rampant across the United States. Focused concentrations occurred in Florida, California, Nevada, Utah, and other states. Despite government intervention through many foreclosure mitigation plans, the housing market is still incredibly volatile today. With many plans proving ineffective, the Obama Administration has its hopes set on the Making Home Affordable program (MHA), which is broken down into the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP). This study seeks to evaluate the effectiveness of the Home Affordable Modification Program on overall and individual mortgage servicer levels by assessing changes in effectiveness of the overall program and evaluating each mortgage company’s effectiveness over time.
Document Type
Honors Thesis - Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Recommended Citation
Perkins, Savannah, "Causes and Treatment of Foreclosure: A Review of the Obama Administration's Home Affordable Modification Program." (2012). Undergraduate Honors Theses. Paper 51. https://dc.etsu.edu/honors/51
Copyright
Copyright by the authors.