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Bank of America Signs Contract for Second Mortgage Modifications

Bank of America announced on January 26 that it is the first mortgage servicer to sign an agreement committing them to participation in the next phase of the U.S. government’s Home Affordable Modification Program (HAMP) which is aimed at resolving problems with struggling homeowners who have more than one mortgage on their home.  A continuing [...]

Bank of America Signs Contract for Second Mortgage Modifications

Posted in 2nd Mortgage Tips, Foreclosure Prevention, Mortgage Relief, Second Mortgage Modification. Tagged with , , .

3 Responses

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  1. Thank for this great article on second mortgages and the failure for banks to change their guidelines prior to the subprime meltdown. I like where you are going with the 2nd mortgage relief. Banks need to modify HELOCs and equity loans when borrowers are underwater!
    Thanks- Thomas Tealer

  2. Great mortgage article! These are scary times for the mortgage industry, but if we stick together, I believe we can weather the storm. Loan programs should rebound soon as lender start to loosen the home financing guidelines.
    Thank you so much for emailing me the monthly newsletter!

Continuing the Discussion

  1. Second Mortgage | Mozilist linked to this post on May 11, 2010

    [...] Bank of America Signs Contract for <b>Second Mortgage</b> Modifications <b>…<… [...]

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