Bank of America subsidiaries (incl. Countrywide)
Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money
| $860M Disbursed |
| $8.1B Committed |
Find bailouts in your state:
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed 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.
Mortgage Servicer Chart
See how this mortgage servicer and others did under the Treasury's foreclosure prevention program.
Events
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$6.31M 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 AffordableMore info from www.treasury.gov -
$1.66M 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 AffordableMore info from www.treasury.gov -
$8.06B 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, 2012.
Part of Making Home AffordableMore info from www.treasury.gov$821M has actually been disbursed.Dec. 31, 2012: $821M -
$31.3M Bailout
Apr. 17, 2009 Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Aug. 10, 2012. (Bank of America, N.A.) Update of cap due to termination of SPA and merger with BAC Home Loans, LP
Part of Making Home AffordableMore info from www.treasury.gov
| 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 | $31,278,513 | MHA | Incentive Payments for Home Loan Modification |
| 04/17/2009 | Subsidy | $8,057,227,423 | MHA | Incentive Payments for Home Loan Modification |
For our blog, resources and more, see our main bailout page.