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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  • 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 ...
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  • 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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