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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  • Moody's rates Service Corp notes at Ba3, bank facility at Baa3
    The principal methodology used in these ratings was Business and Consumer Service Industry published in October 2016. Please see the Rating Methodologies page on for a copy of this methodology. SCI is North America's largest provider of ...
    12/4/2017 - 11:00 am | View Link
  • Bank of America to Reduce Mortgage Balances
    The threat of a stick may be helping banks to realize that principal write-downs are in their ultimate self-interest. The Bank of America program was announced simultaneously with the news that the lender had reached a settlement with the state of ...
    10/27/2014 - 1:44 am | View Link
  • Bank Of America’s $17 Billion Mortgage Crisis Settlement Could Be A Total Bust
    The deal is unlikely to cost Bank of America anywhere close to that amount. The consumer relief provisions are the bright spots of these settlements. Requiring banks to relax loan terms, reduce principal amounts, and destroy blighted vacant properties that ...
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  • 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 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
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    Information on agency seminars, conferences, electronic claims filing, and other agency services. EIBUS is the official export credit agency of the U.S. Government ...
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  • Bank of America | Online Banking | Service Agreement ...
    Printable Popup for Service Agreement ... This Agreement between you and Bank of America, N.A (Bank of America) governs the use of Online Banking services and the ...
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