Over the past six years, Bank of America (NYSE:BAC) has entered into or been subject to 51 major legal settlements, judgments, and regulatory fines. Taken together, they add up to $91.2 billion in.

Depending on the type of loan, credit score and other factors, you can typically finance up to 80 – 95% of the appraised value of your home, or 97.75% if you have an FHA loan. However, the amount can vary depending on your circumstances. Equity is the property’s current appraised value minus how much you still owe.

Bank of America to Write Off Principal on Some Mortgages Bank of America (BofA) will forgive up to 30 percent of the balance owed on certain at-risk mortgages as part of its loan modification efforts to assist homeowners in avoiding foreclosure, the bank has announced.

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Mortgage Loan Forgiveness is Here! The bank will identify mortgages that may be eligible for these solutions and proactively contact those customers to ascertain their interest in a modification and to request documents necessary to determine actual eligibility. Bank of America to Forgive Some Mortgage Debt

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Bank of America may be required to report the amount of the eliminated second lien mortgage debt to the internal revenue service. current federal law provides for certain exceptions to tax liability when debt is forgiven in connection with a foreclosure prevention transaction for some customers; however, debt elimination may trigger state and.

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JPMorgan Chase (JPM) CEO Jamie Dimon says student lending in the U.S. has been "a disgrace" and it’s "hurting America..

Bank of America to forgive mortgage debt !! Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each.

The Financial Times reports that Bank of America is ramping up mortgage and corporate. from the recent passage of the fiscal cliff legislation. Extension of the Mortgage Debt Forgiveness Act was.