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Loan Modification

: Loan Modification & Home Loan News

Reverse mortgage off menu at BofA

By Moe Bedard

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(Source: By Christina Rexrode, The Charlotte Observer, N.C.) – Bank of America will stop offering reverse mortgages, products that late-night TV advertises to the elderly as an easy way to get quick cash. The move is meant to free up resources so the bank can focus on making traditional mortgages and helping struggling homeowners get [...]

Full post as published by Loan Modification & Home Loan News on February 08, 2011 (boomark / email).

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