Principle Foregiveness – Barclays Capital Examines Implications of Bank of Americas “Earned” Forgiveness Plan

Don’t Believe the Hype In yesterdays press release Bank of America stated; Bank of America announced it will look first at principal forgiveness ahead of an interest rate reduction – when modifying certain subprime, Pay-Option and prime two-year hybrid mortgages qualifying for its National Homeownership Retention Program (NHRP) Several enhancements are being made to the … Read more