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.

RELATED ARTICLES
  • US home building is surging, but job growth isn'tUS 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
  • Stocks surge to new highs after hiring climbsStocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. 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
  • U.S. Jobless Claims Fall to 5-Year Low
    The number of Americans seeking unemployment benefits fell to the lowest level in more than five years, a positive signal for the labor market ahead of Friday's April jobs report. More
  • U.S. economy grows at 2.5% rate in 1st quarter
    U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year. More
ASK NEWS:
  • Ninth Annual Healthcare Heroes - Nevada Business
    Dr. Bar-On has also been principal investigator ... partnership with the Nevada Food Bank , sending ... of Treatment Communities of America , he
    09/1/2014 - 9:07 am | View Link
  • Projects Update and Additional Financing - London Stock Exchange
    ... amongst others) Royal Bank of ... management fee is expected to reduce to ... the United States of America, its ... Participation in, and ...
    09/1/2014 - 7:17 am | View Link
  • Mine Water Conference Gets Underway in Peru - MENAFN
    ... a crucial concern in Latin America. ... and Leading Technologies to Reduce Water Usage by World Bank Peru ... Felip Ortuo Principal ...
    08/30/2014 - 6:02 am | View Link
  • Investors In Global Real Estate Ltd IGRE INVESTORS IN GLOBAL REAL ... - Digital Look
    North America, South America and ... and a description of principal risks ... the European Central Bank ("ECB ... Vacancy rates continue to ...
    08/29/2014 - 12:28 pm | View Link
  • Distressed homeowners haven’t seen enough relief: group - New York Post
    ... on helping the most-troubled homeowners reduce principal payments on ... lenders like JPMorgan Chase, Citigroup and Bank of America have agreed ...
    08/29/2014 - 10:35 am | View Link
  • More
BING NEWS:
  • Bank of America Corporation Message Board
    Once again the government is telling irresponsible people to act irresponsibly and they'll just get bailed out.....NOW more importantly.....if BAC has to reduce $5B+ of principal balances for homeowners does that mean the assets in their trillion dollar ...
    09/18/2014 - 12:37 pm | View Link
  • Bank of America offers new loan modifications that reduce principal
    Bank of America is sending out letters to potentially thousands of struggling South Florida homeowners to let them know they may be eligible for a reduction in their loan balance that may save them up to 30 percent in monthly payments, the lender announced ...
    05/8/2012 - 10:04 pm | View Link
  • Bank of America begins mailing offers to reduce customers' mortgages
    The first step will be to reduce the principal owed to the current property value. The next step will be to reduce the interest rate. For more information on Bank of America's settlement programs, call 877-488-7814.
    05/8/2012 - 12:39 pm | 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 ...
    03/9/2012 - 11:47 pm | View Link
  • 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. BofA made the commitment as part of a ...
    03/9/2012 - 4:09 am | View Link
  • More
BING SEARCH:
  • 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.
    09/26/2014 - 12:50 pm | View Website
  • Bank of America — Banking, Credit Cards, Mortgages and ...
    Welcome to Bank of America, the nation's leading financial institution and home for all of your personal financial needs.
    09/26/2014 - 12:43 pm | View Website
  • Bank of America National Mortgage Settlement | Bank of ...
    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest corporate news, announcements and initiatives.
    09/26/2014 - 4:36 am | View Website
  • Bank of America Extends Modification Offers Under Global ...
    Bank of America Home Loans has begun reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under terms ...
    09/25/2014 - 10:03 pm | View Website
  • Hardest Hit Fund | Bank of America
    The Hardest Hit Fund was created to help homeowners in states affected by housing price declines and the recession. If you are having difficulty making your mortgage ...
    09/25/2014 - 9:48 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News