Bank Of America To Reduce Principal For Up To 200,000 Homeowners

Bank of America said Friday it would reduce by about $100,000 the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers.

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    05/8/2012 - 10:02 pm | View Link
  • Bank of America to reduce principal for up to 200,000 homeowners
    By cutting the amount owed on the mortgages, Bank of America could reduce the $3.25 billion in penalties it faces from the foreclosure settlement by $850 million. The details of the principal-reduction agreement were first reported by the Wall Street Journal.
    03/9/2012 - 4:08 am | View Link
  • Bank of America to Reduce Principal of Some Mortgages
    WASHINGTON | Bank of America Corp. said Friday it would reduce the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers. The bank made the commitment as part ...
    03/8/2012 - 11:00 am | View Link
  • Bank of America to reduce mortgage principal for some borrowers
    Amid increasing government pressure to stem foreclosures, Bank of America Corp. said Wednesday that it would offer to erase as much as $3 billion in principal owed by thousands of severely delinquent borrowers who owe more than their homes are worth.
    03/24/2010 - 1:00 pm | View Link
  • Bank of America to reduce principal on some home loans
    CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The largest mortgage servicer in the country said Wednesday that it will forgive up to 30 percent of some customers ...
    03/24/2010 - 1:00 pm | View Link
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