GMAC Mortgage, LLC

Ft. Washington, Pa. | See all recipients in Pennsylvania
Revenue to Gov't
Net Outstanding

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.

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.

Date Type Amount Program Description
04/13/2009 Subsidy $705,348,627 MHA
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on June 25, 2015.
So far, $310M has actually been disbursed:
  • Borrower: $63,425,899.58
  • Investor: $148,796,298.28
  • Servicer: $97,337,470.22
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