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Loan Modification

: The Truth About Mortgage.com

Bank of America To Ease Mortgage Terms for Servicemembers

By scot184

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Bank of America today unveiled a new loan program aimed at providing mortgage relief for active duty military customers behind on their payments. The company’s new ?Military Loan Modification Program? will provide immediate principal forgiveness on underwater mortgages to reduce the loan-to-value ratio to as low as 100 percent of current market value. Additionally, the [...]

Full post as published by The Truth About Mortgage.com on March 10, 2011 (boomark / email).

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