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.

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BING NEWS:
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  • Bank of America to reduce principal for up to 200,000 homeowners
    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 - 4:08 am | View Link
  • Bank of America to Reduce Principal of Some Mortgages
    WASHINGTON | Bank of America Corp. said Friday it would reduce the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers. The bank made the commitment as part ...
    03/8/2012 - 11:00 am | View Link
  • Bank of America to reduce principal on some home loans
    CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The largest mortgage servicer in the country said Wednesday that it will forgive up to 30 percent of some customers ...
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BING SEARCH:
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    Bank of America is extending our ongoing commitment to help homeowners struggling to make their mortgage payments. Among other things, the agreement includes ...
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  • 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 ...
    08/20/2014 - 6:53 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.
    08/20/2014 - 12:27 am | View Website
  • Bank of America Provides $4.75 Billion in First Lien ...
    Bank of America has completed or approved more than $4.75 billion in principal reduction offers on first mortgages under terms of the National Mortgage ...
    08/19/2014 - 11:37 pm | View Website
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