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Where is the Money?

Eye on the Bailout

Companies » Mortgage Servicer

Bank of America subsidiaries (incl. Countrywide)

$8,226,209,005
Committed
27.5%
of Mortgage Servicer bailout commitment
1.4%
of total bailout commitment.
Disbursed $274,591,692

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

  • $161M 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 amount was adjusted on June 29, 2011.

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

    $6.3M has actually been disbursed.
    Oct. 31, 2011: $6.3M

    Subsidy as of October 2011: Borrower: $169,858; Investor: $2,440,768; Servicer: $3,698,607

  • $165M 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 amount was adjusted on June 29, 2011.

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

    $1.7M has actually been disbursed.
    Oct. 31, 2011: $1.7M

    Subsidy as of October 2011: Borrower: $0; Investor: $490,394; Servicer: $1,167,000

  • $6B 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 Aug. 16, 2011.

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

    $236.1M has actually been disbursed.
    Oct. 31, 2011: $236.1M

    Subsidy as of October 2011: Borrower: $41,186,995; Investor: $122,773,300; Servicer: $72,095,442

  • $2B Bailout

    Apr. 17, 2009 Incentive Payments for Home Loan Modification

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

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

    $30.6M has actually been disbursed.
    Oct. 31, 2011: $30.6M

    Subsidy as of October 2011: Borrower: $3,991,317; Investor: $17,576,573; Servicer: $9,001,439

Date Type Amount Program Description
04/20/2009 Subsidy $164,552,462 MHA Incentive Payments for Home Loan Modification
04/20/2009 Subsidy $161,370,454 MHA Incentive Payments for Home Loan Modification
04/17/2009 Subsidy $1,554,813,000 MHA Incentive Payments for Home Loan Modification
04/17/2009 Subsidy $6,345,473,089 MHA Incentive Payments for Home Loan Modification

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