In the top 10 metro areas for foreclosures, some saw significant increase in foreclosure filings for the month of February, while others saw significant decrease in foreclosure activity for the month, according to a foreclosure tracking report.
Bank of America announced in March that it will offer some of its mortgage customers a reduction in their principal amount. The bank further announced that loan forgivenessl will be looked at first prior to an interest rate reduction for these borrowers.
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