Relevant:
- Bank Of America To Start Offering Principal Reduction Forgiveness On Delinquent Mortgages
- Principal Reduction vs. Easier Mortgage Refinancing
- DeMarco Outlines Justification against GSE Principal Reduction
- Fannie And Freddie Can Prevent Foreclosures And Protect Taxpayers Through Principal Reduction
- Chase offers no doc refis, principal reduction
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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