Posted by: cfigueira | March 24, 2010

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.” original article @ http://www.reuters.com/article/idUSSGE62N02520100324

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