BOA to Reduce Principal on Underwater Mortgages

Day: March 25, 2010

BOA to Reduce Principal on Underwater Mortgages

BOA to Reduce Principal on Underwater Mortgages

Bank of America to Start Reducing Principal on “Underwater” Mortgages By Ieva M. Augstumms, The Huffington Post CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to…  Continue Reading

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Selling a House in 2010? Have a Strategy

Selling a House in 2010? Have a Strategy

Selling Home In 2010 Requires A Strategic Plan Of Action STILL A BUYERS MARKET February 28, 2010|By KATE FORGACH Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low. This glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages will be…  Continue Reading

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What to Do with Freddie and Fannie?

What to Do with Freddie and Fannie?

Geithner: Fannie and Freddie Need To Be Changed… But We Don’t Know How From The Huffington Post The Congressional panel tasked with overseeing the nation’s financial system and the Treasury Secretary both agree that there’s a problem with the nation’s system of housing finance. Fixing it, though, may be the biggest problem of all —…  Continue Reading

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