Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

rsmith6621

(6,942 posts) Tue May 8, 2012, 12:35 AM May 2012

3

Bank of America Offers Principal Reductions to 200,000 Homeowners

http://www.cnbc.com/id/47331680

A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction.

3 replies

= new reply since forum marked as read

Highlight:

Bank of America Offers Principal Reductions to 200,000 Homeowners (Original Post) rsmith6621 May 2012 OP

Couldn't have anything to do with people leaving for credit unions... pipoman May 2012 #1

No. It's part of the federal negotiated settlement. aquart May 2012 #2

And this is why it gets my hackles up when someone is talking shit about our President Obama madokie May 2012 #3

pipoman

(16,038 posts)

1. Couldn't have anything to do with people leaving for credit unions...

Reply to rsmith6621 (Original post)

Tue May 8, 2012, 01:20 AM

May 2012

aquart

(69,014 posts)

2. No. It's part of the federal negotiated settlement.

Reply to pipoman (Reply #1)

Tue May 8, 2012, 06:14 AM

May 2012

madokie

(51,076 posts)

3. And this is why it gets my hackles up when someone is talking shit about our President Obama

Reply to aquart (Reply #2)

Tue May 8, 2012, 06:23 AM

May 2012

One of the reasons that is.

Reply to this discussion

Latest Discussions»General Discussion»Bank of America Offers Pr...