Bank of America subsidiaries (incl. Countrywide)
Simi Valley,
Calif. |
See all recipients in
California
$2.31B
Disbursed
$0
Revenue to Gov't
$2.31B
Net Outstanding
Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money.
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.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 04/20/2009 | Subsidy | $1,657,394 | MHA |
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.
|
| 04/20/2009 | Subsidy | $6,309,233 | MHA |
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.
|
| 04/17/2009 | Subsidy | $31,017,611 | MHA |
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Oct. 16, 2013. (Bank of America, N.A.) Update of cap due to termination of SPA and merger with BAC Home Loans, LP
|
| 04/17/2009 | Subsidy | $3,361,741,019 | MHA |
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. 25, 2016.
So far,
$2.27B
has actually been disbursed:
|