principal reduction

Get Help With Your Underwater Bank of America Mortgage

Bank of America is forgiving up to $100,000 in mortgage principal for select borrowers. Find out if you qualify for this new program.

Principal Forgiveness: The New BofA Mortgage Deal

Starting next month (May 2010) or as soon as its ready, Bank of America may reduce principal balances on certain mortgages of deeply underwater loans. What's up with that?