BofA Rolls Out $8.4 Billion Loan Mod Program

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Bank of America offers home loan forgiveness.. the amount forgiven could total $3 billion.. The bank’s message to borrowers who think they might be eligible for this program: Don’t call.

Nationstar Mortgage Holdings (NSM) bought $10.4 billion in mortgage servicing rights from Bank of America (BAC). The portfolio is made up of Fannie Mae and Freddie Mac mortgages. Nationstar funded.

A trade group for some large mortgage companies acknowledges problems with the complex program and said the industry was working to roll out a universal website. under the administration’s.

 · Webster Bank Halts Foreclosures.. so ostensibly the halt in foreclosures will affect a fair number of loans. The bank is the latest to roll out a. Chase Rolls Out Modification Program.

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Closing a very passive, I’m sorry, very positive modification of our credit facility in a number of new mortgages. Within our credit facility we shifted balances from our term loan to our revolver..

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