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Bank of America subsidiaries (incl. Countrywide)

Simi Valley, Calif. | See all recipients in California

Entities in this category received subsidies through one of TARP’s housing programs and aren’t expected to return the money

$1.42B Disbursed
$8.1B Committed
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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

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

  • $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.

    More 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.

    More 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.

    More info from www.treasury.gov

    $1.38B has actually been disbursed.
    May 31, 2014: $1.38B
  • $31M Bailout

    Apr. 17, 2009

    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

    More 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 $31,017,611 MHA
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.