BofA will Broaden Principal Reductions, Feds will Reduce Penalties - Mortgage News Daily

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BofA will Broaden Principal Reductions, Feds will Reduce Penalties Mortgage News Daily by Jann Swanson The Wall Street Journal reported this morning that Bank of American (BOA) has struck a side deal with the government that would cut penalties assessed against it in return for making deeper cuts to the mortgages of distressed borrowers. and more »