BofA Halts Foreclosures. Surprised?

Just a week after Bank of America halted foreclosures in 23 states, the largest US bank announced a freeze on foreclosures in all 50 states. I personaly saw this coming since Bank of America, JPMorgan Chase and GMAC have all been accused of illegaly foreclosing on thousands of properties accross the nation. Pressure from Congress, […]

Bank of America’s Lottery

Bank of America is set to unveil their plans for at risk borrowers later today. This program is designed to reduce principal balance on mortgages as the first option. This is unheard of in the loan modification space since lenders try everything possible to avoid such measures. Most loan modifications aim at extending the length […]