Bank of America subsidiaries (incl. Countrywide)

Simi Valley, Calif. | See all recipients in California
$2.26B
Disbursed
$0
Revenue to Gov't
$2.26B
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, $2.22B has actually been disbursed:
  • $2.22B on Mar. 30, 2020
    Borrower: $727,962,835.32 - Investor: $1,001,229,402.76 - Servicer: $490,560,525.3
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