Relevant:
- Bank Of America To Start Offering Principal Reduction Forgiveness On Delinquent Mortgages
- DeMarco Outlines Justification against GSE Principal Reduction
- Fannie And Freddie Can Prevent Foreclosures And Protect Taxpayers Through Principal Reduction
- BofA to start reducing mortgage principal
- Bank of America Offers Principal Reductions to 200,000 Homeowners
2010-06-03 — cnbc.com
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Repres
Foreclosed Home
This morning executives at Bank of America rolled out their new "Principal Reduction Enhancement" program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and whose loans are at least 20 percent underwater in value."
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