Greasing the skids for mortgage help

As part of Obama’s Making Home Affordable plan to help 9 million borrowers stay in their homes, the government is allocating $75 billion for various incentives.

Servicer Date Taxpayer Support Trial mods started Percent of eligible delinquent loans
Saxon Mortgage Services Inc. 4/13/2009$886,420,000 32,93141%
Aurora Loan Services, LLC 5/1/2009$447,690,000 23,88933%
CitiMortgage Inc. 4/13/2009$2,089,600,000 68,24833%
Nationstar Mortgage LLC 5/28/2009$25,170,000 8,41328%
J.P.Morgan Chase Bank 7/31/2009$2,684,870,000 117,19627%
Select Portfolio Servicing 4/13/2009$782,500,000 15,70626%
GMAC Mortgage Inc. 4/13/2009$3,554,890,000 19,33126%
Wells Fargo Bank 4/13/2009$2,475,080,000 62,98920%
Residential Credit Solutions 6/12/2009$17,540,000 31317%
First Federal Savings and Loan 6/19/2009$770,000 315%
Green Tree Servicing LLC 4/24/2009$221,790,000 47412%
Bank of America 4/17/2009$967,120,000 94,91811%
Wilshire Credit Corp. 4/20/2009$203,460,000 2,92910%
National City Bank 6/26/2009$610,150,000 3,8459%
Ocwen Financial Corp. Inc. 4/16/2009$553,380,000 5,1938%
OneWest Bank 8/28/2009$814,240,000 5,2175%
CCO Mortgage Glen 6/17/2009$29,590,000 1583%
Carrington Mortgage Services, LLC 4/27/2009$222,010,000 5843%
U.S. Bank National Association Owensboro 9/9/2009$139,140,000 8633%
Wachovia Mortgage, FSB 7/1/2009$1,357,890,000 2,0193%
RG Mortgage Corporation 6/17/2009$45,700,000 642%
Bayview Loan Servicing, LLC 7/1/2009$68,110,000 1962%
Litton Loan Servicing 8/12/2009$1,087,950,000 2,2292%
Farmers State Bank West 7/17/2009$80,000 00%
HomEq Servicing 8/5/2009$552,810,000 00%
MorEquity, Inc. 7/17/2009$42,010,000 00%
American Home Mortgage Servicing, Inc. 7/22/2009$1,218,820,000 4400%
Franklin Credit Management Corp. 9/11/2009$33,520,000 n/a n/a
Others n/a $1,420,750,000 18,9108%
Total   $27,347,580,000 487,081 16%
Source: Treasury Dept.

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