~Mortgage Lenders Bailed Out by the US Government Get 0 Now

Beginning October 2008 through October 2013, the U.S. Treasury Department continues to be bailing out U.S. s. In efforts to undergird the economy, and stabilize the struggling institutions, over 0 billion has been paid in the market to over 600 mortgage lenders with the Treasury's Capital Purchase Program.

Surprisingly, almost billion may be paid back to the U.S. Treasury so far. That's almost 36 percent of 0 billion being paid back by 41 different s. Interestingly to note, almost 7 percent in the s who borrowed federal money owed 36 percent of the government's capital purchase.

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Looking on the extensive list of most lenders included will make your face spin. Names like 1st Enterprise Bank, 1st FS Corp. and 1st Source Corporation start off of the registry that progresses with a large number of variations of Bancorp names, ending on Yadkin Valley Financial Corporation, York Traditions Bank and Zion Bancorporation.

Mortgage Lenders Bailed Out by the US Government

The Freeport State Bank of Harper, Kansas received the best bailout inside the quantity of 1,000. It looks like CitiGroup Inc. and JP Morgan Chase & Co. of New York, in addition to Wells Fargo & Co. based in California, received the biggest bailouts in the amount of billion each. Out of the three lenders receiving the biggest bailouts, only JP Morgan Chase & Co. is noted as having paid anything back for the government. To the financing of JP Morgan Chase & Co., the group has repaid the entirety with the billion borrowed.

Not surprisingly, lenders in new York State lead U.S. territory and states within the Union with .5 billion in bailout bucks. The ten states that top their email list are:

1. New York State - .5 billion
2. North Carolina - .6
3. California - .6 billion
4. Pennsylvania - .4 billion
5. Ohio - .65 billion
6. Minnesota - billion
7. Georgia - .2 billion
8. Illinois - .5 billion
9. Virginia - .2 billion
10. Connecticut - .8 billion

States where lenders borrowed minimal include the following bottom ten:

1. Washington, D.C. - million
2. Wyoming (all in Buffalo) - .1 million
3. Rhode Island - million
4. New Hampshire - .8 million
5. New Mexico - .5 million
6. Nebraska - .6 million
7. Maine - .4 million
8. Idaho - .7 million
9. Arizona - million
10. North Dakota - .8 million

The following states and corporations are inside top to possess paid back bailout money in the amounts indicated:

1. New York State -- .7 billion
-- JP Morgan Chase & Co. - billion
-- Goldman Sachs Group Inc. - billion
-- Morgan Stanley - billion
-- American Express Company - .4 billion
-- First Niagara Financial Group - 4 million
-- Signature Bank - 0 million
2. Minnesota - billion
-- U.S. Bancorp - .6 billion
3. Virginia - .7 billion
-- Capital One Financial Corp. - .55 billion
-- First Community Bank Shares - .5 million
4. North Carolina - .15 billion
-- BB&T Corp. - .13 billion
-- Crescent Financial Corporation - .9 million
5. Massachusetts - .1 billion
-- State Street Corp. - billion
-- Independent Bank Corp. - million
6. Illinois - .6 billion
-- Northern Trust Corp. - .6 billion
7. New Jersey - 7 million
-- Valley National Bancorp - 0 million
-- Sun Bancorp, Inc. - .3 million
8. California - 8 million
v CVB Financial Corp. - 0 million
-- Westamerica Bancorporation - .7 million
9. Washington - 0 million
-- Washington Federal Inc. - 0 million
10. Texas - 0 million
-- Sterling Bancshares, Inc. - 5 million

Don't allow numbers fool you. Just because a borrowed little doesn't suggest it can be a strong institution. On the contrary, it could possibly be an inferior with shallower pockets. That should be even more cause for concern if your has not yet repaid borrowed bailout money on the government.

On the opposite hand, it will be encouraging in case your is but one with the lenders who landed in the top ten listing of those who repaid their debt towards the government. Also encouraging is that this 0 billion government bailout in the 1980s for your savings and loan debacle served the U.S. economy well. If history repeats itself, this will set the s on the right track to get over the current U.S. economic challenges.



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