Find bailouts in your state:
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
Wachovia's incentive cap was once as high as $2 billion, but was gradually transferred to Wells Fargo as a result of the merger.
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.
Jul. 29, 2009 Incentive Payments for Home Loan Modification
Jul. 1, 2009 Incentive Payments for Home Loan Modification
This was set aside for Wachovia Mortgage, FSB. This amount, formerly $2 billion, was largely moved to Wells Fargo, due to the merger. Adjusted again on Mar. 12, 2011.Part of Making Home AffordableMore info from www.financialstability.gov$239K has actually been disbursed.Dec. 31, 2012: $239K
Subsidy as of December 2012: Borrower: $0; Investor: $76,890; Servicer: $162,000
|07/29/2009||Subsidy||$0||MHA||Incentive Payments for Home Loan Modification|
|07/01/2009||Subsidy||$238,890||MHA||Incentive Payments for Home Loan Modification|