Wells Fargo Bank, NA
The home mortgage arm of Wells Fargo. Its amount includes the subsidy allocation for Wachovia's mortgage servicing subsidiaries as well, due to the merger.
Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money.
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.
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Aug. 16, 2012. It includes an amount previously attributed to Wachovia Mortgage FSB, due to the merger.
So far, $3.4B has actually been disbursed:
Subsidy as of July 2022