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Where is the Money?

Eye on the Bailout

Companies » Mortgage Servicer

Bank of America subsidiaries (incl. Countrywide)

$8,204,909,005
Committed
27.5%
of Mortgage Servicer bailout commitment
1.4%
of total bailout commitment.
Disbursed $369,486,758

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Map: Corporate headquarters of Bank of America subsidiaries (incl. Countrywide).
Simi Valley, Calif.
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Bailout List

See our page summarizing the mortgage modification program for more information.

Note: Subsidies for the mortgage modification program are listed separately from other commitments. So if a company received other assistance, that will be listed separately.

Mortgage Servicer Chart

See how this mortgage servicer and others did under the Treasury's foreclosure prevention program.

Events

  • $6M Bailout

    Apr. 20, 2009 Incentive Payments for Home Loan Modification

    This amount has been set aside for Home Loan Services, a subsidiary of Bank of America. The agreement was terminated on Oct. 19, 2011.

    Part of Making Home Affordable
    More info from www.treasury.gov

    $6.3M has actually been disbursed.
    Jan. 31, 2012: $6.3M

    Subsidy as of January 2012: Borrower: $169,858; Investor: $2,440,768; Servicer: $3,698,607

  • $2M Bailout

    Apr. 20, 2009 Incentive Payments for Home Loan Modification

    This amount has been set aside for Wilshire Credit Corporation, a subsidiary of Bank of America. The agreement was terminated on Oct. 19, 2011.

    Part of Making Home Affordable
    More info from www.treasury.gov

    $1.7M has actually been disbursed.
    Jan. 31, 2012: $1.7M

    Subsidy as of January 2012: Borrower: $0; Investor: $490,394; Servicer: $1,167,000

  • $7B Bailout

    Apr. 17, 2009 Incentive Payments for Home Loan Modification

    This amount has been set aside for Countrywide, a subsidiary of Bank of America (BAC Home Loans Servicing, LP). The amount was adjusted on Feb. 16, 2012.

    Part of Making Home Affordable
    More info from www.treasury.gov

    $330.5M has actually been disbursed.
    Jan. 31, 2012: $330.5M

    Subsidy as of January 2012: Borrower: $64,727,552; Investor: $192,104,476; Servicer: $73,680,692

  • $1B Bailout

    Apr. 17, 2009 Incentive Payments for Home Loan Modification

    Investment cap reflects adjustment made on Nov. 16, 2011. (Bank of America, N.A.)

    Part of Making Home Affordable
    More info from www.treasury.gov

    $31M has actually been disbursed.
    Jan. 31, 2012: $31M

    Subsidy as of January 2012: Borrower: $4,267,062; Investor: $17,864,911; Servicer: $8,875,439

Date Type Amount Program Description
04/20/2009 Subsidy $1,657,394 MHA Incentive Payments for Home Loan Modification
04/20/2009 Subsidy $6,309,233 MHA Incentive Payments for Home Loan Modification
04/17/2009 Subsidy $1,433,213,000 MHA Incentive Payments for Home Loan Modification
04/17/2009 Subsidy $6,763,729,378 MHA Incentive Payments for Home Loan Modification

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