The Real Deal Miami

Six named for Obama relief program

April 16, 2009 11:24AM

Chase Home Finance, Wells Fargo Bank, GMAC Mortgage, CitiMortgage, Select Portfolio Servicing and Saxon Mortgage Services were named as the first six lenders that will get federal money to help homeowners avoid foreclosure. The $50 billion program will allot a maximum of $9.9 million to participating companies. Chase Home Finance gets the biggest allotment of money in the first allocation, $3.6 billion.