Bank of America to pledge mortgage aid
By Admin - Posted on April 28th, 2008
Tagged: bank of america
• bank of america corp
• borrowers
• countrywide financial
• countrywide financial corp
In a hearing about its plan to buy Countrywide, the company will promise to help 265,000 troubled borrowers keep their homes and take other steps. Pushing to fast-track its takeover of wounded home-loan goliath Countrywide Financial Corp., Bank of America Corp. will promise today to help 265,000 troubled borrowers keep their homes over the next two years by refinancing or modifying at least $40 billion in mortgages.