PHH Mortgage, a subsidiary of Ocwen Financial Corporation
Ocwen used to operate under its own name, but after the acquisition of PHH in 2019, it began operating as PHH Mortgage.
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 Modifications
Investment cap reflects adjustment made on Aug. 14, 2015.
So far, $5.02B has actually been disbursed:
Subsidy as of July 2022