BofA Pilots Mortgage Principal Deductions for Hardest Hit Fund
March 7, 2011 (Shirley Allen) Bank of America (BofA) is piloting a program to write down mortgage principal for borrowers in three states participating in the Hardest Hit Fund. To date, Arizona, Nevada, and California are among the states that have proposed using federal aid money to have BofA lower the amount struggling borrowers owe [...]