Loan Deficiency Payments in Michigan totaled $615 million from 1995-2019‡.

From 1995 to 2019, the top 10 percent of Loan Deficiency Payments payment recipients were paid 60 percent of Loan Deficiency Payments recipients.

Pct. of Recipients Pct. of Payments Number of Recipients Total Payments 1995-2019‡ Payment per Recipient
Top 1%15%287$94,726,351$330,057
Top 1%15%287$94,726,351$330,057
Top 2%24%574$149,371,884$260,230
Top 2%24%574$149,371,884$260,230
Top 3%31%861$191,949,108$222,937
Top 3%31%861$191,949,108$222,937
Top 4%37%1,148$227,664,393$198,314
Top 4%37%1,148$227,664,393$198,314
Top 5%42%1,435$258,392,881$180,065
Top 5%42%1,435$258,392,881$180,065
Top 6%46%1,723$285,362,335$165,619
Top 6%46%1,723$285,362,335$165,619
Top 7%50%2,010$309,122,517$153,792
Top 7%50%2,010$309,122,517$153,792
Top 8%54%2,297$330,558,293$143,909
Top 8%54%2,297$330,558,293$143,909
Top 9%57%2,584$350,040,277$135,465
Top 9%57%2,584$350,040,277$135,465
Top 10%60%2,871$367,915,726$128,149
Top 10%60%2,871$367,915,726$128,149
Top 11%62%3,158$384,267,130$121,681
Top 11%62%3,158$384,267,130$121,681
Top 12%65%3,446$399,319,670$115,879
Top 12%65%3,446$399,319,670$115,879
Top 13%67%3,733$413,093,420$110,660
Top 13%67%3,733$413,093,420$110,660
Top 14%69%4,020$425,816,067$105,924
Top 14%69%4,020$425,816,067$105,924
Top 15%71%4,307$437,624,226$101,608
Top 15%71%4,307$437,624,226$101,608
Top 16%73%4,594$448,558,638$97,640
Top 16%73%4,594$448,558,638$97,640
Top 17%75%4,882$458,730,341$93,964
Top 17%75%4,882$458,730,341$93,964
Top 18%76%5,169$468,156,408$90,570
Top 18%76%5,169$468,156,408$90,570
Top 19%78%5,456$476,975,995$87,422
Top 19%78%5,456$476,975,995$87,422
Top 20%79%5,743$485,226,742$84,490
Top 20%79%5,743$485,226,742$84,490
Remaining 80% of recips.21%22,975$129,766,442$5,648
Remaining 80% of recips.21%22,975$129,766,442$5,648

‡ Data for 2019 is incomplete and only includes Market Facilitation Program payments made between January 1, 2019 and October 31, 2019.

 

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