ProPublica

Journalism in the Public Interest

CIT Bank, N.A.

Pasadena, Calif. | See all recipients in California

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

$424M Disbursed
$967M Committed
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CIT Bank purchased OneWest Bank in August, 2015.

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

  • $967M Bailout

    Aug. 28, 2009 Incentive Payments for Home Loan Modification

    This amount was adjusted on June 16, 2015.

    More info from www.treasury.gov

    $424M has actually been disbursed.
    Sep. 30, 2017: $424M

    Subsidy as of September 2017: Borrower: $79,478,886.34; Investor: $251,573,179.93; Servicer: $92,606,955.90

Date Type Amount Program Description
08/28/2009 Subsidy $966,859,746 MHA Incentive Payments for Home Loan Modification

For our blog, resources and more, see our main bailout page.