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Where is the Money?

Eye on the Bailout

Companies » Mortgage Servicer

Wachovia subsidiaries

$238,890
Committed
0.1% >
of Mortgage Servicer bailout commitment
0.1% >
of total bailout commitment.
Disbursed $238,889

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Map: Corporate headquarters of Wachovia subsidiaries.
Des Moines, Iowa
See all recipients in Iowa

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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

  • $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 Affordable
    More 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 Affordable
    More info from www.financialstability.gov

    $238.9K has actually been disbursed.
    Oct. 31, 2011: $238.9K

    Subsidy as of October 2011: 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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