May 19, 2010

FHA’s new principal reduction program

A new program issued by the Federal Housing Administration (FHA) requires lenders to reduce the principal by at least 10% for qualified borrowers.  Borrowers can qualify […]
March 25, 2010

Bank of America Will Cut Loan Principal for Some Customers

  Bank of America announced on March 25, 2010 that it will implement a principal forgiveness program to modify underwater loans.   Bank of America is specifically […]