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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BING NEWS:
  • Bank of America Weighs Principal Forgiveness in Settlement Talks
    Bank of America could reduce the amount of money it is required to pay as part of the group settlement the more principal reductions it agrees to, the _Journal_ said. The paper says the other four servicers are currently engaging in their own individual ...
    08/24/2015 - 1:00 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 Offers Principal Reductions to 200,000 Homeowners
    Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction ... “Qualifying customers may reduce their monthly payment by an average of 35 percent.” Some 6,500 letters should ...
    05/8/2012 - 6:01 am | 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
  • Bank of America Reaches Deal on Housing
    Bank of America will provide deeper-than-anticipated principal reductions for about 200,000 homeowners ... Bank of America hopes it will be able to reduce what it owes in penalties under the settlement by up to $850 million. The $26 billion settlement ...
    03/8/2012 - 3:49 pm | View Link
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  • 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.
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  • 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 ...
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