Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Bailout
: Calculated RiskReport: BofA to Announce Mortgage Principal Reduction Plan
By Anonymous
Bank of America will ... 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.Apparently under the plan, the mortgage debt will be reduced to 100% of the house's value over 5 years. The details should be released today by BofA.According to a summary of the program obtained by Reuters, Bank of America pledged to offer an "earned principal forgiveness" of up to 30 percent in two stages. The lender will first offer an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their payments.
Full post as published by Calculated Risk on March 24, 2010 (boomark / email).
Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification
Home Mortgages
What to look for
Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell
Traditional and Roth 401Ks
Selecting the right Retirement Plan
H&R Block Retirement Plan Fraud
How to Join Class Action Suit
Pre-paid Leagal Services
What are Prepaid Legal Benefit Plans
National City Mortgage
$4.6 million payout resolves mortgage suit.
SunTrust Mortgage Faces Class Action over Alleged HAMP Breach of Contract
SunTrust Mortgage Faces Class Action over Mortgage Restructuring
Phone Bill Reduction
Qwest agrees to $16 million settlement in overcharging lawsuit.
Bank Website Security
New Report Finds Widespread Flaws
Operating Room Fires
Hundreds Injured During Surgery, New Report Shows
Tree Stands
Ardisam Inc. pays $420,000 settlement for failing to report defective product to government officials.
#1 Online Legal Resource
On 08-25 at 15:46PM
Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM
Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM
UES NYC
On 08-18 at 21:25PM
Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM
Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM
AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM
Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM
Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM
Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM
Mortgage principal write downs may bring on tax issues
Ten Facts About Mortgage Debt Forgiveness
BofAs dismal mortgage-modification rate
Subprime Legal: In Cwide/BofA, Will Law Stand in the Way of Business
BofA Lacks Sense of Urgency to Convert HAMP Mods
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| Oil Spill Video
All original material © 1999-2011 by USLaw.com. All other material, including Blog Directory feed content, are © by their respective copyright holders. |