CIT Bank, N.A.

Pasadena, Calif. | See all recipients in California
$441M
Disbursed
$0
Revenue to Gov't
$441M
Net Outstanding

CIT Bank purchased OneWest Bank in August, 2015.

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
08/28/2009 Subsidy $966,859,746 MHA
Incentive Payments for Home Loan Modification
This amount was adjusted on June 16, 2015.
So far, $441M has actually been disbursed:
  • Borrower: $87,963,978.53
  • Investor: $260,103,147.66
  • Servicer: $92,977,823.93
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