Bank of America is making mortgage headlines again by introducing three new loan modification improvements that are specifically designed to assistant military personnel who are behind on their house payments. The three new changes are:

A program designed to help …

Bank of America is the first major issuer of mortgage loans to announce that it is implementing a new loan balance reduction program that will help homeowners who are underwater on their mortgages. The $3 billion national program will …

Both Bank of America and Chase are rushing to show the American public and the Obama administration that they are indeed modifying home loans and helping homeowners change their mortgage terms to produce more affordable payments. This comes after …