Articles About Option ARM

Author:
Mike Ochs
Posted:
04.21.2010

Bank of America Throws a Lifeline to Underwater Homeowners

Bank of America (BofA) is taking steps to write down mortgage principal owed by thousands of underwater homeowners in what has been termed “the mortgage industry’s boldest move yet” to resolve the nation’s foreclosure problem.  Bank of America can well afford the initiative. According to Betsy Graseck, a Morgan Stanley analyst, the ultimate cost of […]

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