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:
  • 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 - 10:02 pm | View Link
  • 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 ...
    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 start reducing mortgage principal
    "Citi does reduce principal for borrowers on a case-by-case basis after other options to address affordability are exhausted." A spokeswoman from JPMorgan Chase & Co. declined to comment on whether it planned a similar program. Bank of America's ...
    03/24/2010 - 1:00 pm | View Link
  • Bank of America to reduce principal on some home loans
    The largest mortgage servicer in the country said Wednesday that it will forgive up to 30 percent of some customers' total mortgage balances. The homeowners must have missed at least two months of mortgage payments and owe at least 20 percent more than ...
    03/24/2010 - 1:00 pm | View Link
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BING SEARCH:
  • 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.
    04/24/2014 - 2:04 am | View Website
  • Hardest Hit Fund | Bank of America
    The Hardest Hit Fund was created to help homeowners in states affected by housing price declines and the recession. If you are having difficulty making your mortgage ...
    04/23/2014 - 5:21 pm | View Website
  • Bank of America | Home | Personal
    Sign in to your personal banking account using your online ID and select account location from the drop down menu. Bank, borrow, invest, protect, and plan.
    04/23/2014 - 10:33 am | View Website
  • Bank of America principal reduction
    Bank of America has started a program that will forgive some customers' loan principal and reduce their mortgage balance.
    04/22/2014 - 6:12 pm | 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 ...
    04/22/2014 - 2:02 pm | View Website
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