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(Image from article: "BofA to start reducing mortgage principal")

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Negative Maortization Topics

Bank Of America - All
Homeowner - All
Housing Market - All
Loan Modification - All
Mortgage - All
Mortgage Modification - All
Mortgage Principal Reduction - All
Mortgage Rescue - All
Troubled Homeowners - All

BofA to start reducing mortgage principal

Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.

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