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

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - bac-20201231.htm

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

v3.20.4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage-backed securities, fair value	$ 8,400
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	15,823	$ 6,858	$ 5,801
Gains on securitizations	728	27	62
Repurchases from securitization trusts	436	881	1,485
Gain (loss) on loans securitized	160	64	71
Residential Mortgage - Agency \| Consumer real estate
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Deconsolidation of securitizations	9,300
Commercial Mortgage
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	5,084	8,661	6,991
Gains on securitizations	61	103	101
Repurchases from securitization trusts	0	0	0
First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage loans serviced for investors	160,400	192,100
Servicing fees	474	585	$ 710
Transfers continuing involvement servicing fee advances	2,200	$ 2,400
Other income \| Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Gains on securitizations	$ 704

- Definition

Deconsolidation, Assets Deconsolidated In Period

+ References

No definition available.

+ Details

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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- 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

Name:	bac_GainLossOnLoansHeldForSaleAndSecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

This represents the unpaid principal balance of mortgage loans serviced for investors at fair value.

+ References

No definition available.

+ Details

Name:	bac_ServicingAssetAtFairValueForInvestors
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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

Name:	bac_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceedsInPeriod
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (d)(3)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Fair value of securitized, pay-through debt securities collateralized by real estate mortgage loans classified as available-for-sale.

+ References

No definition available.

+ Details

Name:	us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)(3)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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Data Type:	xbrli:stringItemType
Balance Type:	na
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- Details

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- Details

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- Details

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