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BofA Rolls Out $8.4 Billion Loan Mod Program

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.

Bank of America today announced a new $5 billion affordable homeownership initiative for low- to moderate-income and multicultural homebuyers and communities across the country. The company will.

Banks VS Credit Unions Bank of America has agreed to settle claims brought by state attorneys general regarding risky loans originated by Countrywide, in a deal that could be worth more than $8.4 billion.

Contents Billion home affordable offers home loan forgiveness.. billion Loan modification. industrial logistics extensive branch networks Lynch community development banking (cdb BofA to slash mortgage payments. affordability is far better than any other program out there," said Rick Simon, spokesman for Bank of America..

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BofA Rolls Out .4 billion loan mod program Shannon Petrone Contents Billion home affordable modification program (hamp billion loan mod program diana Mandatory loan modification program Program florida newswire news.

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BofA Rolls Out $8.4 Billion Loan Mod Program. October 6, 2008.. with the bank unveiling an $8.4 billion program to modify 400,000 Countrywide-originated mortgages nationwide. Bank of America.

The modification program is valued at as much as $8.4 billion and the costs of the program "have already been estimated and accounted for" by Bank of America as part of its acquisition of. According to one suit, Bank of America allegedly passed bad loans on to the Federal Housing Administration.

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Bank of America rolls out $8.4 Billion Loan Mod Program for Countrywide Loans This is very good news for people who have Countrywide option arm loans. See the full story here:

Bank of America said in July it would. WaMu had $54 billion of option ARMs in its portfolio in the first quarter, according to reports citing Inside Mortgage Finance. The program is only for.

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