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The servicers in gov't loan-modification plan

Wed Aug 5, 2009 6:40 PM EDT
business, us, mortgage, glance, middlemen
The Associated Press, HOPD
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— A look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners. (Modification figures are not available for some servicers because they joined the program too recently.)

FIRM: American Home Mortgage Servicing Inc.

COULD RECEIVE: $1,272,490,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Aurora Loan Services LLC

COULD RECEIVE: $459,550,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 21 percent

FIRM: Bank of America Corp. and Countrywide Home Loans Servicing LP

COULD RECEIVE: $5,987,280,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 4 percent

FIRM: Bayview Loan Servicing LLC

COULD RECEIVE: $44,260,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 3 percent

FIRM: Carrington Mortgage Services LLC

COULD RECEIVE: $131,020.000

NUMBER OF ELIGIBLE LOANS MODIFIED: 4 percent

FIRM: CCO Mortgage

COULD RECEIVE: $16,520,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 6 percent

FIRM: JPMorgan Chase & Co. and EMC Mortgage Corp.

COULD RECEIVE: $3,407,100,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 20 percent

FIRM: CitiMortgage Inc.

COULD RECEIVE: $1,079,420,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 15 percent

FIRM: Citizens First Wholesale Mortgage Company

COULD RECEIVE: $30,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 27 percent

FIRM: Farmers State Bank

COULD RECEIVE: $170,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: First Bank

COULD RECEIVE: $6,460,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: First Federal Savings and Loan

COULD RECEIVE: $770,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 6 percent

FIRM: GMAC Mortgage Inc.

COULD RECEIVE: $1,017,650,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 20 percent

FIRM: Green Tree Servicing LLC

COULD RECEIVE: $91,010,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 4 percent

FIRM: Home Loan Services Inc.

COULD RECEIVE: $447,300,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 0 percent

FIRM: IBM Southeast Employees' Federal Credit Union

COULD RECEIVE: $870,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 6 percent

FIRM: Lake National Bank

COULD RECEIVE: $100,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 100 percent

FIRM: Mission Federal Credit Union

COULD RECEIVE: $860,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: MorEquity Inc.

COULD RECEIVE: $23,480,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Mortgage Center LLC

COULD RECEIVE: $4,210,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: National City Bank

COULD RECEIVE: $294,980,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 0 percent

FIRM: Nationstar Mortgage LLC

COULD RECEIVE: $117,140,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 19 percent

FIRM: Ocwen Financial Corp. Inc.

COULD RECEIVE: $553,380,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 5 percent

FIRM: PNC Bank

COULD RECEIVE: $54,470,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Purdue Employees Federa Credit Union

COULD RECEIVE: $1,090,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Residential Credit Solutions

COULD RECEIVE: $19,400,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 20 percent

FIRM: RG Mortgage Corp.

COULD RECEIVE: $57,000,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 0 percent

FIRM: Saxon Mortgage Services Inc.

COULD RECEIVE: $632,040,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 25 percent

FIRM: Select Portfolio Servicing

COULD RECEIVE: $660,590,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 3 percent

FIRM: Shore Bank

COULD RECEIVE: $1,410,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Technology Credit Union

COULD RECEIVE: $70,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 0 percent

FIRM: Wachovia Mortgage

COULD RECEIVE: $634,010,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 2 percent

FIRM: Wachovia Bank

COULD RECEIVE: $85,020,000

NUMBER OF ELIGIBLE LOANS MODIFIED: NA

FIRM: Wells Fargo Bank

COULD RECEIVE: $2,410,010,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 6 percent

FIRM: Wescom Central Credit Union

COULD RECEIVE: $540,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 28 percent

FIRM: Wilshire Credit Corp.

COULD RECEIVE: $453,130,000

NUMBER OF ELIGIBLE LOANS MODIFIED: 1 percent

Source: Treasury Department

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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