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BofA to start reducing mortgage principal

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.

 

BofA reports $5.2 billion quarterly loss

Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments.

 

A Scramble to Modify Loans

A Scramble to Modify Loans

Bank of America trails other banks in refinancing mortgages ahead of government deadline.

 

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