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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BING NEWS:
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  • Bank of America offers new loan modifications that reduce principal
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  • 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 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. Underwater homeowners are eligible if ...
    03/9/2012 - 4:09 am | View Link
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    Find competitive home loan rates, compare mortgages, refinance and home equity loans, calculate monthly payments and start your application online.
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  • 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 ...
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