FHA Refinance Program Fund
| $8,117,000,000 |
| Committed |
| 100% |
| of FHA Refinance Fund bailout commitment |
| 1.4% |
| of total bailout commitment. |
| Disbursed | $50,000,000 |
| Returned | $0 |
| Revenue to Gov't | $0 |
| Net Outstanding | $50,000,000 |
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About This Project
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
In September of 2010, the Treasury Department committed $8 billion (plus $117 million in fees to Citigroup for providing a letter of credit for that amount) to its FHA Refinance program. The program is aimed at helping underwater homeowners refinance into mortgages with a reduced principal. See our description of the program for more info.
Events
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$8B Bailout
Sep. 3, 2010 FHA Refinance Program Allocation
Part of FHA Refinance ProgramMore info from www.financialstability.gov$50M has actually been disbursed.Nov. 30, 2010: $50M
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/03/2010 | Subsidy | $8,117,000,000 | FHA-Re | FHA Refinance Program Allocation |
For our blog, resources and more, see our main bailout page.