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Effective February 15, 2013, Ocwen Loan Servicing, LLC acquired certain assets of GMAC Mortgage, LLC, pursuant to a Sale Order entered in connection with the bankruptcy cases of Residential Capital, LLC and certain of its affiliated debtors.
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.
Apr. 13, 2009 Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on June 25, 2015.Part of Making Home AffordableMore info from www.treasury.gov$310M has actually been disbursed.Dec. 31, 2016: $310M
Subsidy as of December 2016: Borrower: $63,425,899.58; Investor: $148,796,298.28; Servicer: $97,337,470.22
|04/13/2009||Subsidy||$705,348,627||MHA||Incentive Payments for Home Loan Modification|