Wednesday, March 24, 2010

Bank of America will reduce some mortgage balances

New York Times: The program, while limited in scope and available by invitation only, signals a significant shift in efforts to deal with the millions of homeowners who are facing foreclosure. It comes as banks are being urged by the White House, members of Congress and community groups to do more to stem the tide.

Read more: http://www.nytimes.com/2010/03/25/business/25housing.html?hp

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