Representations and Warranties Obligations and Corporate Guarantees - Outstanding Claims (Details) (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Dec. 31, 2014
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Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims | $ 29,407,000,000bac_UnresolvedRepurchaseClaimsAmount | $ 26,094,000,000bac_UnresolvedRepurchaseClaimsAmount |
Duplicate claims | (3,625,000,000)bac_UnresolvedRepurchaseClaimsDuplicatedClaimsAmount | (3,248,000,000)bac_UnresolvedRepurchaseClaimsDuplicatedClaimsAmount |
Total unresolved repurchase claims by product type, net of duplicate claims | 25,782,000,000bac_UnresolvedRepurchaseClaimsNetofDuplicatedClaimsAmount | 22,846,000,000bac_UnresolvedRepurchaseClaimsNetofDuplicatedClaimsAmount |
Outstanding claims with review | 14,200,000,000bac_UnresolvedRepurchaseClaimsAmountWithIndividualFileReview | 14,100,000,000bac_UnresolvedRepurchaseClaimsAmountWithIndividualFileReview |
Outstanding claims without review | 13,600,000,000bac_UnresolvedRepurchaseClaimsAmountWithoutIndividualFileReview | 10,400,000,000bac_UnresolvedRepurchaseClaimsAmountWithoutIndividualFileReview |
New purchase claims | 3,400,000,000bac_UnresolvedRepurchaseClaimsAdditions | |
Individual loan file reviews on repurchase claims | 3,200,000,000bac_UnresolvedRepurchaseClaimsAdditionsWithoutIndividualFileReview | |
Amount of loan repurchase claims resolved | 161,000,000bac_UnresolvedRepurchaseClaimsPortionResolved | |
Unresolved repurchase claims, repurchase demands amount | 2,000,000,000bac_UnresolvedRepurchaseClaimsRepurchaseDemandsAmount | 2,000,000,000bac_UnresolvedRepurchaseClaimsRepurchaseDemandsAmount |
Prime loans | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
601,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_PrimeLoansMember |
587,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_PrimeLoansMember |
Alt-A | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
2,734,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_AltAMember |
2,397,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_AltAMember |
Home equity | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
2,649,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = us-gaap_HomeEquityMember |
2,485,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = us-gaap_HomeEquityMember |
Pay option | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
6,399,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_PayOptionMember |
6,294,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_PayOptionMember |
Subprime | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
16,276,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_SubprimeMember |
14,121,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_SubprimeMember |
Other | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
748,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_OtherProductTypeMember |
210,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_ProductOrServiceAxis = bac_OtherProductTypeMember |
Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
27,816,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_PrivateLabelSecuritizationTrusteesWholeLoanInvestorsIncludingThirdPartySponsorsandOtherMember |
24,489,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_PrivateLabelSecuritizationTrusteesWholeLoanInvestorsIncludingThirdPartySponsorsandOtherMember |
Monolines | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
1,546,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_MonolineMember |
1,546,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_MonolineMember |
GSEs | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
45,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember |
59,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember |
Private-Label Investors | ||
Loss Contingencies [Line Items] | ||
Duplicate claims submitted without individual loan file review |
3,300,000,000bac_UnresolvedRepurchaseClaimsDuplicateClaimsSubmittedWithoutIndividualLoanFileReview / us-gaap_CounterpartyNameAxis = bac_PrivateLabelInvestorsMember |
2,900,000,000bac_UnresolvedRepurchaseClaimsDuplicateClaimsSubmittedWithoutIndividualLoanFileReview / us-gaap_CounterpartyNameAxis = bac_PrivateLabelInvestorsMember |
Mortgage Loans Originated between 2004 and 2008 | Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
24,100,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_PrivateLabelSecuritizationTrusteesWholeLoanInvestorsIncludingThirdPartySponsorsandOtherMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginatedbetween2004and2008Member |
21,200,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_PrivateLabelSecuritizationTrusteesWholeLoanInvestorsIncludingThirdPartySponsorsandOtherMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginatedbetween2004and2008Member |
Mortgage Loans Originated 2009 and Prior | GSEs | ||
Loss Contingencies [Line Items] | ||
Notional amount of unresolved repurchase claims |
18,300,000,000bac_UnresolvedRepurchaseClaimsAmount / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginated2009andPriorMember |
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Unresolved repurchase claims principal paid |
15,900,000,000bac_UnresolvedRepurchaseClaimsPrincipalPaid / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginated2009andPriorMember |
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Principal amount of delinquent loans |
966,000,000us-gaap_MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginated2009andPriorMember |
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Unresolved repurchase claims notional amount |
$ 31,000,000bac_UnresolvedRepurchaseClaimsNotionalAmount / us-gaap_CounterpartyNameAxis = bac_GovernmentSponsoredEnterprisesMember / bac_MortgageLoanOriginationPeriodAxis = bac_MortgageLoansOriginated2009andPriorMember |
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Unresolved Repurchase Claims, Additions No definition available.
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Unresolved Repurchase Claims, Additions, Without Individual File Review No definition available.
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Unresolved Repurchase Claims, Amount No definition available.
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Unresolved Repurchase Claims, Amount, With Individual File Review No definition available.
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Unresolved Repurchase Claims, Amount, Without Individual File Review No definition available.
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Unresolved Repurchase Claims, Duplicate Claims Submitted Without Individual Loan File Review No definition available.
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Unresolved Repurchase Claims, Duplicated Claims, Amount No definition available.
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Unresolved Repurchase Claims, Net of Duplicated Claims, Amount No definition available.
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Unresolved Repurchase Claims, Notional Amount No definition available.
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Unresolved Repurchase Claims, Portion Resolved No definition available.
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Unresolved Repurchase Claims, Principal Paid No definition available.
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Unresolved Repurchase Claims, Repurchase Demands Amount No definition available.
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Amount of principal due on loans that have been delinquent, which may exclude loans having interest delinquent for three months or less, as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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