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Where is the Money?

Eye on the Bailout

Companies » Mortgage Servicer

JPMorgan Chase subsidiaries

$3,900,636,383
Committed
13.1%
of Mortgage Servicer bailout commitment
0.7%
of total bailout commitment.
Disbursed $302,902,182

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Map: Corporate headquarters of JPMorgan Chase subsidiaries.
Iselin, N.J.
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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

  • $555M Bailout

    Jul. 31, 2009 Incentive Payments for Home Loan Modification

    This portion is for EMC Mortgage Corporation, a subsidiary of JP Morgan Chase. The amount was adjusted on July 14, 2011.

    Part of Making Home Affordable
    More info from www.treasury.gov

    $35.4M has actually been disbursed.
    Oct. 31, 2011: $35.4M

    Subsidy as of October 2011: Borrower: $7,569,459; Investor: $11,592,937; Servicer: $16,279,383

  • $3B Bailout

    Apr. 13, 2009 Incentive Payments for Home Loan Modification

    This was set aside for JPMorgan Chase, NA. This amount was adjusted on Aug. 16, 2011 and includes allotments for second lien modifications and foreclosure alternatives.

    Part of Making Home Affordable
    More info from www.treasury.gov

    $267.5M has actually been disbursed.
    Oct. 31, 2011: $267.5M

    Subsidy as of October 2011: Borrower: $70,219,982; Investor: $110,647,570; Servicer: $86,592,851

Date Type Amount Program Description
07/31/2009 Subsidy $554,653,088 MHA Incentive Payments for Home Loan Modification
04/13/2009 Subsidy $3,345,983,295 MHA Incentive Payments for Home Loan Modification

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