Home Affordable Modification Agreements Under $100 Million
Maximum Amount:
$1.13 billion
Amount Spent:
$0.17 billion
Deficit Impact:
$0.17 billion
Source:
Notes:
Maximum amount is the level of funding announced by the Treasury Department. Amount spent represents the total amount allocated to all mortgage servicers as of 8/22/2012, as reported on the Treasury's transaction reports.
Deficit impact is derived from CBO's subsidy rate for the Home Affordable Mortgage Program (100%), which requires no repayments and therefore constitutes a full subsidy. This information was most recently reported in CBO's report on TARP transactions through June 17, 2009.