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 gets 2-for-1 deal in Justice Dept. settlement
    Bank of America has been able to reduce a multi-billion dollar mortgage fraud penalty ... "These activities have benefited thousands of mortgage customers through principal forgiveness and lending to lower-income borrowers, as well as communities and ...
    06/1/2016 - 12:52 pm | View Link
  • Bank Of America Is Still Undervalued
    Bank of America has been reducing its core operating expenses and we believe there remains potential for Bank of America to reduce its expense base further ... of America has resolved 98% of the unpaid principal balance of all RMBS as to which RMBS ...
    01/21/2015 - 7:14 am | View Link
  • Bank of America Offers Principal Reductions to 200,000 Homeowners
    Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction ... “Qualifying customers may reduce their monthly payment by an average of 35 percent.” Some 6,500 letters should ...
    05/9/2012 - 8:11 pm | View Link
  • 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 ...
    05/9/2012 - 1:00 am | View Link
  • Bank of America to reduce mortgage principal for some borrowers
    Amid increasing government pressure to stem foreclosures, Bank of America Corp. said Wednesday that it would offer to erase as much as $3 billion in principal owed by thousands of severely delinquent borrowers who owe more than their homes are worth.
    03/24/2010 - 1:00 pm | View Link
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BING SEARCH:
  • Bank of Internet USA
    Bank of Internet USA puts the world of online banking at your fingertips with a full range of checking, savings, and mortgage solutions focused on you.
    05/19/2018 - 5:08 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.
    05/18/2018 - 9:45 pm | View Website
  • EXIM US (Export-Import Bank of the United States)
    REDUCE YOUR RISK AND EXPORT FEARLESSLY. EXIM Bank can ensure you collect when you insure your exports. Learn About Trade Credit Insurance; OPERATE AT CAPACITY AND KEEP THE
    05/18/2018 - 2:21 pm | View Website
  • Bank of America
    Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.
    05/18/2018 - 12:05 pm | View Website
  • World Bank Group
    With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
    05/17/2018 - 3:05 pm | View Website
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