Tag Archives: housing urban development

BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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When You’re Falling Behind On Your FHA Loan…

Julie Garton-Good writes in her 2008 book "All About Mortgages": HUD (Housing & Urban Development) offers five options: * Special forbearance – the lender arranges a repayment plan based on the borrower’s current financial situation * Mortgage modification – the … Continue reading

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