Tag Archives: forgiveness
BofA: Free second mortgages
Bank of America gives out free second mortgages to about 150,000 homeowners. Are you one of them? Continue reading
Should homeowners be forgiven?
Mortgage forgiveness would erase $700 billion in debt, but who pays? Continue reading
DeMarco reconsiders loan reduction
Has the administration persuaded Fannie Mae and Freddie Mac to help underwater borrowers modify mortgages through partial loan forgiveness?
Not yet. But Ed DeMarco, the Federal Housing Finance Agency’s acting director who oversees the agencies, has gon… Continue reading
BofA offers principal reduction
Bank of America has agreed to provide mortgage relief, including partial loan forgiveness, to more than 200,000 borrowers.
The agreement is part of the $25 billion national mortgage settlement with five of the nation’s biggest lenders that was announce… Continue reading
Forget loan forgiveness
You may have heard talks that lenders are being pushed to help struggling homeowners by forgiving part of the principal owed on their mortgages.
Forget it. It’s not going to happen. That’s pretty much what Federal Housing Finance Agency Acting Direct… Continue reading