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 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
  • Bank of America to reduce principal on some home loans
    “Citi does reduce principal for borrowers on a case-by-case basis after other options to address affordability are exhausted.” Bank of America’s announcement came as another report pointed to continuing problems in the housing market. The government ...
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  • 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
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BING SEARCH:
  • Bank of America Newsroom
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    04/20/2015 - 7:13 am | View Website
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    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 ...
    04/20/2015 - 6:51 am | View Website
  • Home Loans and Lending Solutions from Bank of America
    Find competitive home loan rates, compare mortgages, refinance and home equity loans, calculate monthly payments and start your application online.
    04/20/2015 - 2:12 am | View Website
  • Home Loan Help from Bank of America
    Get the home loan help you need—now. If you're having trouble paying your mortgage, Bank of America offers home loan assistance solutions that can help you. Learn ...
    04/19/2015 - 11:13 pm | View Website
  • 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 ...
    04/19/2015 - 10:16 pm | View Website
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