ProPublica

Journalism in the Public Interest

New Penn Financial, LLC dba Shellpoint Mortgage Servicing

Greenville, S.C. | See all recipients in South Carolina

Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money

$73.7M Disbursed
$156M Committed
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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

See our page summarizing the mortgage modification program for more information.

Note: Subsidies for the mortgage modification program are listed separately from other commitments. So if a company received other assistance, that will be listed separately.

Mortgage Servicer Chart

See how this mortgage servicer and others did under the Treasury's foreclosure prevention program.

Events

  • $156M Bailout

    Jan. 22, 2015

    $73.7M has actually been disbursed.
    Mar. 30, 2018: $73.7M

    Subsidy as of March 2018: Borrower: $30,023,334.08; Investor: $30,339,089.09; Servicer: $13,331,542.78

Date Type Amount Program Description
01/22/2015 Subsidy $155,635,556 MHA

For our blog, resources and more, see our main bailout page.