Wachovia subsidiaries
Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money
| $239K Disbursed |
| $239K Committed |
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- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
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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.
Mortgage Servicer Chart
See how this mortgage servicer and others did under the Treasury's foreclosure prevention program.
Events
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$0.0 Bailout
Jul. 29, 2009 Incentive Payments for Home Loan Modification
This money was designated for Wachovia Bank, N.A, but was finally moved to Wells Fargo on Dec. 3, 2010 as a result of the merger.
Part of Making Home AffordableMore info from financialstability.gov -
$239K Bailout
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: $239KSubsidy as of December 2012: Borrower: $0; Investor: $76,890; Servicer: $162,000
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 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 |
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