ProPublica

Journalism in the Public Interest

JPMorgan Chase subsidiaries

Iselin, N.J. | See all recipients in New Jersey

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

$2.87B Disbursed
$4.03B Committed
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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

The home mortgage arm of Chase.

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

  • $35.4M Bailout

    Jul. 31, 2009 Incentive Payments for Home Loan Modification

    This portion is for EMC Mortgage Corporation, a subsidiary of JP Morgan Chase. The agreement was terminated on Oct. 19, 2011.

    More info from www.treasury.gov

  • $4B Bailout

    Apr. 13, 2009 Incentive Payments for Home Loan Modification

    This was set aside for JPMorgan Chase, NA. This amount was adjusted on Feb. 25, 2016.

    More info from www.treasury.gov

    $2.84B has actually been disbursed.
    Sep. 30, 2017: $2.84B

    Subsidy as of June 2017: Borrower: $779,985,863.13; Investor: $1,514,923,711.60; Servicer: $540,571,290.97

Date Type Amount Program Description
07/31/2009 Subsidy $35,441,779 MHA Incentive Payments for Home Loan Modification
04/13/2009 Subsidy $3,997,374,866 MHA Incentive Payments for Home Loan Modification

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