BofA Rolls Out $8.4 Billion Loan Mod Program

 · Bank of America Corp (NYSE: bac) earnings date: Monday, $8.4 billion vs. $8.33 billion last year;. EU Rolls Out Stricter Rules For foreign investment managers.

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WASHINGTON (Reuters) – The biggest U.S. banks on Wednesday agreed to halt foreclosures on delinquent homeowners for at least a few weeks, until the U.S. government launches a $50 billion aid program.

"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

 · JP Morgan’s enhanced program will include the opening of 24 regional counseling centers, the hiring of 300 additional loan counselors, new financing alternatives, reaching out to borrowers with pre-qualified modification terms and a new process to independently review each loan before it is moved into foreclosure.

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It seems that Bank of America Corporation ‘s BAC tryst with litigation matters is never ending. Earlier in the week, the U.S. Circuit Court of Appeals for the tenth circuit reversed the decision.

The Home Equity Theft Reporter: Consumer Advocate’s Effort To Wipe Out Delinquent Mortgage Debt Held By Lenders Unable to Prove Right To Foreclose About To Begin In Florida Your lender is obligated to apply the sale price of your home to the mortgage debt. Only when a home is "underwater" – meaning the borrower owes more on the mortgage than the home is worth – will he or she potentially face a deficiency judgment after a foreclosure. 2. Does your state have an Anti-Deficiency Statute?

 · Diaz, 52, is here for a settlement conference, a face-to-face meeting of lender and borrower mandated under the foreclosure process in New York state. As soon as she sits down at the wooden conference table, an attorney representing Bank of America confirms that she is under review for a loan modification.

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With calls growing for stronger action to help troubled homeowners, consumer advocates are hailing a mortgage-modification program being implemented. cut borrowers’ payments by as much as $8.4.

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