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.

  • Real 'Fault in Our Stars' couple reunited by hopeReal '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
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    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
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  • 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
  • American Express Co. (AXP) Lifted to Neutral at Bank of America Corp.
    American Express Co. (NYSE:AXP) was upgraded by equities research analysts at Bank of America Corp. from an “underperform ... Nomura cut shares of American Express from a “neutral” rating to a “reduce” rating and lowered their price target ...
    10/19/2016 - 9:00 pm | View Link
  • Bank of America crushes earnings on trading surge; shares rise
    Wall Street analysts had expected Bank of America to report earnings of 34 cents a share on ... the bar a bit for sales and trading revenues going forward," Jeffery Harte, principal, Sandler O'Neill, said on CNBC's "Squawk Box." But he wouldn't extrapolate ...
    10/17/2016 - 7:19 pm | View Link
  • Bank of America earnings: 41 cents per share beats expectations
    principal, Sandler O'Neill, said on CNBC's "Squawk Box." But he wouldn't extrapolate such strong performance to future quarters. However, Bank of America's return on average common equity was 7.3 percent, below the 10 percent general yardstick for cost of ...
    10/17/2016 - 12:43 pm | View Link
  • Preferred Switch: Wells Fargo To Bank Of America?
    Bank of America and Wells Fargo have similar convertible preferreds ... The dividend appears safe although interest-rate risk could reduce principal value. Dividend investors who hold WFC-L should consider dividing their holdings between the two.
    10/10/2016 - 3:35 am | View Link
  • 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 - 1:00 pm | View Link
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  • Tax Relief
    Bank of America Mortgage Settlement Monitor. Site of the independent Monitor appointed under the mortgage Settlement Agreement between the US Department of Justice ...
    10/22/2016 - 12:16 am | View Website
  • Modification, Refinance, and Short Sale ...
    Settlement with state and federal government officials, Settlement with state and federal government officials will bring modification, refinance, and short sale ...
    10/19/2016 - 11:35 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 ...
    10/18/2016 - 10:29 am | View Website
  • Bank of America corporate environmental sustainability
    Bank of America takes corporate environmental responsibility very seriously. Learn more about their environmental sustainability initiatives.
    10/18/2016 - 7:44 am | View Website
  • 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.
    10/17/2016 - 7:24 am | View Website
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