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 sales rebound slightly in FebruaryUS 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'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
ASK NEWS:
  • RBC Canadian Manufacturing PMI(TM) falls in February to lowest level ... - StockHouse USA
    ... the European Central Bank) use the ... We are one of North America's ... sectors, SCMA is the principal source ... that enhance ...
    03/2/2015 - 9:47 am | View Link
  • RBC Canadian Manufacturing PMI™ falls in February to lowest level ... - Yahoo! Finance
    ... the European Central Bank) use the ... We are one of North America's ... sectors, SCMA is the principal source ... that enhance ...
    03/2/2015 - 9:37 am | View Link
  • Final Results - London Stock Exchange
    Alent ups capex budget to accelerate growth as 2014 profits rise - Find
    03/2/2015 - 7:39 am | View Link
  • Preliminary Results - London Stock Exchange
    Latin America We have carefully expanded our sales network to cover the key markets in Latin America: Rio de Janeiro and Sao Paulo in Brazil...
    03/2/2015 - 7:39 am | View Link
  • More
BING NEWS:
  • 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 principal reductions to average over $100,000
    According to the Wall Street Journal, Bank of America has struck a side deal to allow the bank to reduce penalties in exchange for larger cuts to borrowers’ mortgage balances. Various agencies have been pushing for principal reductions as a means of ...
    03/10/2012 - 11:00 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
  • Report: Bank of America to reduce mortgage principal in some cases
    Bank of America, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30 percent of some customers' total mortgage balance, according to a report in Florida Today. The homeowners must have missed at least two months of ...
    03/24/2010 - 1:00 pm | View Link
  • How Bank of America's principal reduction plan will work
    As part of the HAMP modification, the bank will eliminate this feature and forgive all or part of the negative amortization to reduce principal to as low as 95% loan to value (LTV). Also, pay option ARMs will be recast to eliminate the negative ...
    03/24/2010 - 5:00 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.
    03/26/2015 - 12:57 pm | View Website
  • Home Equity Loan Modification | Bank of America
    Through a home equity modification or a HELOC modification, you may be able to arrange more affordable home equity loan or home equity line of credit payments. Find ...
    03/25/2015 - 10:24 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.
    03/25/2015 - 4:19 pm | View Website
  • principal reductions under DOJ settlement
    Bank of America is extending our ongoing commitment to help homeowners struggling to make their mortgage payments. Among other things, the agreement includes ...
    03/25/2015 - 6:39 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 ...
    03/24/2015 - 7:30 am | 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