Is BofA’s Offer of Mortgage Principal Reduction Fair?
Producer, CNBC's "Squawk Box"
The banks got a bailout. Now it's homeowners' turn.
Bank of America is offering qualified "underwater" customers mortgage principal reduction of up to $150,000.
It's all part of the $25 billion settlement reached this year between federal and state agencies and the nation’s five largest mortgage servicers over fraudulent foreclosure practices.
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