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.

  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Vanilla Ice charged with burglary in Florida
    Vanilla Ice has been charged with breaking into and stealing from an abandoned home that is in foreclosure in Florida. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • Unemployment falls to 7.5%; job creation solid in April
    The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More
  • Bank of America gets 2-for-1 deal in Justice Dept. settlement
    Bank of America has been able to reduce a multi-billion dollar mortgage fraud penalty ... "These activities have benefited thousands of mortgage customers through principal forgiveness and lending to lower-income borrowers, as well as communities and ...
    06/1/2016 - 12:52 am | View Link
  • Bank of America to Reduce Mortgage Balances
    The threat of a stick may be helping banks to realize that principal write-downs are in their ultimate self-interest. The Bank of America program was announced simultaneously with the news that the lender had reached a settlement with the state of ...
    10/27/2014 - 1:44 am | View Link
    Bank of America has committed to complete delivery of the relief by no later than August 31, 2018. The consumer relief will be subject to oversight by an independent monitor. The settlement is expected to reduce third-quarter 2014 pretax earnings by $5.3 ...
    08/20/2014 - 10:08 pm | View Link
  • Bank Of America’s $17 Billion Mortgage Crisis Settlement Could Be A Total Bust
    The deal is unlikely to cost Bank of America anywhere close to that amount. The consumer relief provisions are the bright spots of these settlements. Requiring banks to relax loan terms, reduce principal amounts, and destroy blighted vacant properties that ...
    08/7/2014 - 2:09 am | View Link
  • Bank of America To Reduce CA, AZ, NV Mortgage Balances With Fed “Hardest Hit Fund”
    Bank of America Corp. will begin the mortgage principal reduction program for customers in Arizona, as part of a pilot program in using the federal aid dollars from the Hardest Hit Fund. The Hardest Hit Fund is an Obama administration program designed to ...
    03/3/2011 - 11:46 pm | View Link
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  • Bank of America
    Bank of America Corporation (abbreviated as BofA) is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States.It is ranked 2nd on the list of largest banks in the United States by assets. As of 2016, Bank of America was the 26th largest company in the United States by total revenue.
    03/21/2018 - 10:00 am | View Website
  • Corporate Environmental Sustainability at Bank of America
    Bank of America takes their environmental commitment to sustainability seriously. Learn more about their environmental sustainability initiatives.
    03/21/2018 - 8:20 am | View Website
  • Bank of America
    Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.
    03/20/2018 - 2:33 pm | View Website
  • Online Banking | Savings, Checking, Mortgages | Bank of ...
    Bank of Internet USA puts the world of online banking at your fingertips with a full range of checking, savings, and mortgage solutions focused on you.
    03/19/2018 - 12:04 pm | View Website
  • Bank of America Newsroom
    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives.
    03/18/2018 - 4:52 pm | View Website
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