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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  • Help underwater homeowners after Bank of America settlement
    As a city resident with a Bank of America mortgage who is facing foreclosure, this is a crisis that I know all too well. In Seattle, the Reset Seattle Coalition is pushing for a program to reduce principal on underwater homes in the city. Similar programs ...
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  • Bank Of America Is Reducing Mortgages--Why Won't Freddie And Fannie?
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  • Bank of America offers new loan modifications that reduce principal
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  • 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 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
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  • Glossary of Home Loan & Lending Terms – Bank of America
    A loan that requires payments to reduce the debt every 2 weeks (instead of the standard monthly payment schedule). The 26 (or possibly 27) biweekly payments are each ...
    03/12/2017 - 10:00 am | 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 ...
    03/12/2017 - 7:51 am | View Website
  • Home Loan Assistance Programs | Bank of America
    Having trouble paying your mortgage? Many home loan assistance programs are in place to help you stay in your home. Learn about home loan assistance solutions and ...
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