Eye on the Bailout
| 0.1% > | of all bailout funds committed. |
| 0.2% | of the Mortgage Servicer industry bailout. |
Map: Corporate headquarters of Wachovia subsidiaries.
See all recipients in Iowa
Events
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$293.7Th
Jul. 1, 2009 Incentive Payments for Home Loan Modification
This was set aside for Wachovia Mortgage, FSB. This amount, formerly $2 billion, was adjusted on Feb. 17, 2010 and largely moved to Wells Fargo, due to the merger.
Part of the Making Home Affordable
More info from www.financialstability.gov
$0 has actually been disbursed.
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$73.5M
Jul. 29, 2009 Incentive Payments for Home Loan Modification
This money was designated for Wachovia Bank, N.A. The amount was adjusted on Dec. 30, 2009.
Part of the Making Home Affordable
More info from financialstability.gov
$0 has actually been disbursed.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/29/2009 | Subsidy | $73,480,000 | MHA | Incentive Payments for Home Loan Modification |
| 07/01/2009 | Subsidy | $293,656 | MHA | Incentive Payments for Home Loan Modification |
For our blog, resources and more, see our main bailout page.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
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