Mortgage Daily

Published On: October 15, 2018

Company Name:

 


Bank of America Home Loans

 


Parent:

 


Bank of America Corp.

 


Stock Symbol:

 


BAC

 


Related Companies:

 


BAC Home Loans Servicing LP

Bank of America, N.A.

Countrywide Financial Corp.

First Franklin Credit Corp.

Home Loan Services Inc.

LaSalle Global Trust Services

Merrill Lynch & Co. Inc.

Merrill Lynch Home Loans

ReconTrust Company, N.A.

Wilshire Credit Corp.

 


Headquarters Address (BoA):

 


Bank of America Corp.:

 

100 North Tryon Street
Charlotte, NC. 28255
Bank of America Home Loans:

 

4500 Park Granada
Calabasas, CA. 91302

Employees:

 


Number of Employees (company-wide):

 

204,681 as of Sept. 30, 2018

209,376 as of Dec. 31, 2017

208,024 as of Dec. 31, 2016

213,280 as of Dec. 31, 2015

223,715 as of Dec. 31, 2014

242,117 as of Dec. 31, 2013

267,190 as of Dec. 31, 2012

284,635 as of Dec. 31, 2011

286,951 as of Dec. 31, 2010

283,055 as of Dec. 31, 2009

 

Mortgage Employees:

 

42,000 as of Aug. 31, 2013

48,000 as of April 27, 2009 (mortgage and insurance)

16,000 as of March 31, 2010 (default management staff)

6,400 as of March 31, 2009 (home-retention associates)

Legacy Asset Employees:

 

10,800 as of March 31, 2016

11,200 as of Dec. 31, 2015

17,100 as of Dec. 31, 2014

28,800 as of Dec. 31, 2013

49,600 as of Dec. 31, 2012

Number of Loan Officers:

 

3,607 as of March 31, 2013

3,519 as of Dec. 31, 2012


Number of Banking Centers:

 


4,385 as of Sept. 30, 2018

4,470
 as of Dec. 31, 2017

4,579 as of Dec. 31, 2016

4,726 as of Dec. 31, 2015

4,855 as of Dec. 31, 2014

5,151 as of Dec. 31, 2013

5,478 as of Dec. 31, 2012

5,702 as of Dec. 31, 2011

5,856 as of Dec. 31, 2010

6,011 as of Dec. 31, 2009

 


Number of Servicing Locations:

 


33 as of Aug. 31, 2013

51 as of Aug. 31, 2012

 


Number of Approved Mortgage Brokers:

 


5,000 as of April 9, 2009

 


Web sites:

 


Bank of America Home Loans
www.bankofamerica.com/loansandhomes/

www.BankOfAmerica.com

www.Countrywide.com

Wholesale:

Employment

 


Executives

 


Chairman of the Board:

 

Brian Moynihan

 

Vice Chairman:

 

Gary G. Lynch

 

President (BofA Corp.):

 

Brian T. Moynihan
CEO (BofA Corp.):

 

Brian T. Moynihan
CFO (BofA Corp.):

 

Paul Donofrio

 

COO (BoA Corp.):

 

Thomas K. Montag

 

CRO (BofA Corp.):

 

Geoffrey Greener

 

President (Strategic Initiatives):

 

Terry Laughlin

 

Global Technology and Operations Executive (BofA Corp.):

 

Catherine P. Bessant

 

Global Strategy and Marketing Officer (BofA Corp.):

 

Anne M. Finucane

 

Corporate General Auditor (BofA Corp.):

 

Christine P. Katziff

 

Global General Counsel (BofA Corp.):

 

David G. Leitch

 

Global Human Resources Executive (BofA Corp.):

 

Sheri B. Bronstein

 

Legacy Asset Servicing Executive (BofA Corp.):

 

Ron D. Sturzenegger

 

Mortgage Servicing & Operations Executive:

 

Tony Meola

 

Managing Director, Consumer Lending

 

D. Steve Boland.

 

Credit Loss Mitigation Strategies and Secondary Market Executive (BofA Home Loans):

 

Ron Sturzenegger

 

Third-Party Origination Executive (Bank of America Home Loans)

 

Doug Jones

 

National Mortgage Ourtreach Executive (Bank of America Home Loans)

 

Rebecca Mairone

 

Home Loans Sales Executive

 

Matt Vernon

 

West Division Retail Sales Executive (Bank of America Home Loans)

 

Todd Dal Porto

 

Global Compliance Execuitive (Bank of America Home Loans)

 

Paula Dominick

 

Head of Digital Banking:

 

Michelle Moore

Residential Production (BofA including home equity):

 


$43.007 billion 2018 through Sept. 30

$67.505 billion 2017

$79.367 billion 2016

$69.990 billion 2015

$52.866 billion / 163,500 loans 2014

$89.776 billion 2013

$78.659 billion 2012

$156.1 billion 2011

$306.5 billion 2010

$391.3 billion 2009

$181.0 billion 2008

$188.6 billion 2007

$166.3 billion 2006

$86.8 billion 2005

$87.6 billion 2004

$131.1 billion 2003

 


Commercial Production (Merrill Lynch):

 


619 loans for $20.740 billion 2016

779 loans for $25.411 billion 2014

1,189 loans / $37.250 billion 2013

910 loans / $27.515 billion 2012


Mortgage Holdings

 


Total Mortgage Servicing Portfolio:

 

$510.651 billion as of June 30, 2018

$517.6 billion as of Dec. 31, 2017

$565.2 billion as of Dec. 31, 2016

$565.0 billion as of Dec. 31, 2015

$693.0 billion as of Dec. 31, 2014

$810.0 billion as of Dec. 31, 2013

$1.406 trillion as of Dec. 31, 2012

$1.777 trillion as of Dec. 31, 2011

$2.056.8 trillion as of Dec. 31, 2010

 

Third-Party Mortgage Servicing Portfolio:

 

$249.5 billion as of June 30, 2018

$256 billion as of Dec. 31, 2017

$307 billion as of Dec. 31, 2016

$378 billion as of Dec. 31, 2015

$474 billion as of Dec. 31, 2014

$550 billion as of Dec. 31, 2013

$1.045 trillion as of Dec. 31, 2012

$1.365 trillion as of Dec. 31, 2011

$1.628 trillion as of Dec. 31, 2010

$1.716 trillion as of Dec. 31, 2009

 

Residential Mortgages on Balance Sheet:

 

$208.186 billion as of Sept. 30, 2018

$203.811 billion as of Dec. 31, 2017

$191.797 billion as of Dec. 31, 2016

$187.911 billion as of Dec. 31, 2015

$216.197 billion as of Dec. 31, 2014

$248.066 billion as of Dec. 31, 2013 (includes discontinued loans)

$243.088 billion as of Dec. 31, 2012 (excludes discontinued loans)

$262.3 billion as of Dec. 31, 2011

$258.0 billion as of Dec. 31, 2010

$241.6 billion as of Dec. 31, 2009

 

Home-Equity Loans on Balance Sheet:

 

$51.235 billion as of Sept. 30, 2018

$57.744 billion as of Dec. 31, 2017

$66.443 billion as of Dec. 31, 2016

$75.948 billion as of Dec. 31, 2015

$87.725 billion as of Dec. 31, 2014

$93.672 billion as of Dec. 31, 2013

$107.996 billion as of Dec. 31, 2012

$124.7 billion as of Dec. 31, 2011

$138.0 billionas of Dec. 31, 2010

$149.1 billion as of Dec. 31, 2009

 

Discontinued Real Estate Loans on Balance Sheet (Countrywide HELs & subprime):

 

$9.892 billion as of Dec. 31, 2012

$11.1 billion as of Dec. 31, 2011

$14.9 billion as of Dec. 31, 2010

$14.9 billion as of Dec. 31, 2009

 

Commercial Mortgages Servicing Portfolio:

 

$4.895 billion as of Dec. 31, 2015 (as reported by MBA)

$44.082 billion / 5,214 loans as of Jun. 30, 2013

$112.482 billion / 9,376 loans as of Dec. 31, 2012 (Bank of America Merrill Lynch)

$115.0 billion / 9,840 loans as of Dec. 31, 2011

$126.6 billion / 10,789 loans as of Dec. 31, 2010

$131.7 billion / 9,589 loans as of Dec. 31, 2009

 

Commercial Mortgages on Balance Sheet:

 

$61.073 billion as of June 30, 2018

$58.298 billion as of Dec. 31, 2017

$57.355 billion as of Dec. 31, 2016

$57.199 billion as of Dec. 31, 2015

$47.682 billion as of Dec. 31, 2014

$46.3 billion as of Dec. 31, 2013

$37.2 billion as of Dec. 31, 2012

$37.8 billion as of Dec. 31, 2011

$49.4 billion as of Dec. 31, 2010

$66.5 billion as of Dec. 31, 2009

 


Delinquency

 


Residential delinquency of at least 30 days including FHA Loans: 11.83% as of Dec. 31, 201210.94% as of Dec. 31, 2011

9.41% as of Dec. 31, 2010

8.00% as of Dec. 31, 2009

 

Residential delinquency of at least 30 days excluding FHA Loans:

 

2.1% as of Dec. 31, 2012

2.49% as of Dec. 31, 2011

2.69% as of Dec. 31, 2010

3.26% as of Dec. 31, 2009

 

HEL delinquency:

 

1.1% as of Dec. 31, 2012

1.5% as of Dec. 31, 2011

1.5% as of Dec. 31, 2010

1.6% as of Dec. 31, 2009

1.9% as of Dec. 31, 2008


Government Data on Bank of America

 


FDIC Profile (Bank of America, National Association):

 

Bank of America FDIC profile

 

SEC Filings (Bank of America Corp.):

 

Bank of America Corp. SEC Filings
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