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
  • 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
BING NEWS:
  • Bank of America offers new loan modifications that reduce principal
    Bank of America began reducing the principal on some home loans in March, first granting the reductions to homeowners already in a modification review process. "So far under this early initiative, about 5,000 trial modification offers have been mailed ...
    05/8/2012 - 1:00 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 ...
    05/7/2012 - 1:00 pm | View Link
  • Bank of America to cut principal on some mortgages
    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 - 1:56 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 - 4:08 am | View Link
  • Bank's Home Loan Modification Reduces Principal
    Bank of America is announcing on Thursday a loan modification program to help military service members who are behind on their mortgages. What's unique about the program is that the bank is offering to reduce the principal owed on the loans instead of just ...
    03/9/2011 - 1:01 pm | View Link
  • More
BING SEARCH:
  • Export–Import Bank of the United States
    REDUCE YOUR RISK AND EXPORT FEARLESSLY. EXIM Bank can ensure you collect when you insure your exports. Learn About Trade Credit Insurance; OPERATE AT CAPACITY AND ...
    04/17/2017 - 3:41 am | View Website
  • Glossary of Home Loan & Lending Terms
    Buying a home may mean new mortgage terms to learn. Get definitions on the mortgage terms that may come up throughout your loan process, such as amortization and ...
    04/16/2017 - 11:30 pm | View Website
  • Principal Financial Group
    The Principal Financial Group is a global financial investment management leader headquartered in Des Moines, Iowa. The Principal Financial Group (Principal) offers ...
    04/16/2017 - 10:33 pm | View Website
  • Does Bank of America's Stock Really Have 50% Upside ...
    Bank of America's stock seems to have only one direction to go. Image source: iStock/Thinkstock. Mike Mayo, a longtime bank industry analyst, thinks big bank stocks ...
    04/16/2017 - 6:48 am | View Website
  • Bank of America Home Loan Modification | Bank of America
    If you are having difficulty making your home loan payments, you may be eligible for one of the loan modification options from Bank of America that can make your ...
    04/15/2017 - 4:43 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