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The Latest Data on the Home Affordable Modification Program

Ted Gayer, Co-Director of Economic Studies, Brookings Institute

The U.S. Department of the Treasury and the Department of Housing and Urban Development released June data for the Obama administration’s Home Affordable Modification Program (HAMP). HAMP is the foreclosure prevention program targeted at borrowers who are delinquent in their mortgage payment or facing imminent […]

More on the Homebuyer Tax Credit

Ted Gayer, co-director of Economic Studies, Brookings Institute

According to this article, the Joint Committee on Taxation (JCT) has scored a Senate homebuyer tax credit at $16.7 billion. How does the JCT $16.7 billion cost estimate square with my previous back-of-the-envelope calculation of the cost of the tax credit of $73.9 billion?


And now for the other side of the coin on the home-buyer tax credit

Publishers note: If you have been reading our blog for a while you are probably aware we have been supporters and advocates of the home-buyer tax credit as well as the extension and expansion of the credit, which happened last week. We realize however, there are people that do not support the credits for a […]