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Loan Modification

: Loan Modification & Home Loan News

Bank of America Starts Offering Mortgage Principal Reductions

By Moe Bedard

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Bank of America has begun implementation of an earned principal forgiveness approach to modifying certain loans eligible for its National Homeownership Retention Program (NHRP). The plan is being offered to homeowners who owe considerably more on their loan than the current value of their home, when the loan is being considered for modification through the [...]

Full post as published by Loan Modification & Home Loan News on June 02, 2010 (boomark / email).

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