Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details)

v2.4.1.9

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Servicing fees	$ 1,800,000,000	$ 2,900,000,000
First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Gain (loss) on loans securitized	715,000,000	2,000,000,000
Servicing advance	10,400,000,000	14,100,000,000
Loans repurchased from investors and securitization trusts	5,200,000,000	10,800,000,000
Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash proceeds from new securitizations	36,905,000,000	49,888,000,000
Gain (loss) on securitizations	371,000,000	81,000,000
Non-agency \| Subprime
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash proceeds from new securitizations	809,000,000	0
Gain (loss) on securitizations	49,000,000	0
Commercial Mortgage
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash proceeds from new securitizations	5,710,000,000	5,326,000,000
Gain (loss) on securitizations	68,000,000	119,000,000
Level 2 \| First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Transfers of financial assets accounted for as sale initial fair value of assets	$ 5,400,000,000	$ 3,300,000,000

- Definition

Gain (Loss) on Loans Held-for-sale and Securitization Financial Asset For Which Transfer is Accounted as Sale Gain (Loss) on Sale

+ References

No definition available.

+ Details

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- Definition

Represents the servicing advances on loans serviced, including securitizations where the entity has continuing involvement. Advance types include principal and interest (P&I), tax and insurance (T&I, also known as escrow advances) and corporate payments which are costs associated with foreclosing on and liquidating mortgage collateral.

+ References

No definition available.

+ Details

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- Definition

Represents the initial fair value recorded for assets received on transfer of financial assets in a securitization, asset-backed financing arrangement, or a similar transfer which transaction is recognized as a sale of the transferred financial assets, during the period.

+ References

No definition available.

+ Details

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- Definition

Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).

+ References

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- Definition

Cash Flows between a transferor and a transferee attributable to purchases of previously transferred financial assets (or its underlying collateral) related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).

+ References

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- Definition

The total amount of contractually specified servicing fees, late fees, and ancillary fees earned for each period for which results of operations are presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 50

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122596-111746

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- Definition

Reflects, by transferred financial asset type, the amount of sales proceeds in excess of or deficient from the sum of the carrying amounts of transferred financial assets plus transaction costs, including those transactions in which the seller/transferor has continuing involvement with the financial assets that have been transferred.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 20

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=13989330&loc=d3e107207-111719

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 10

-Section 40

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=45353237&loc=d3e96813-111708

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