BoA Reports Rising Loan Modifications

Bank of America Corp., which has been under government pressure to modify more underwater mortgages, has apparently responded aggressively.

Bank of America reports that as of the end of February, it had modified 20,666 of its customers’ mortgages permanently under the Home Affordable Modification Program, up from 12,761 at the end of January.

The company said another 22,303 are pending, waiting only for customer signatures.

"We are in a position to show strong results in completion of permanent HAMP modifications as we move into spring," says Jack Schakett, loss mitigation strategies executive the bank.

Source: The Wall Street Journal, Jay Miller (03/12/2010)

Promote your business and services online and offline, find out when our next mixer is.

Connect with other successful women

Real Estate Investing Education, take advantage of today's real estate market

Build Your Business-Drive Your Dream Promo Code: legend

www.TotalSolutionsAlliance.com  

Connect with me on Facebook   Twitter  LinkedIn

About

She has been in the Real Estate and Mortgage Industry since 1996 when she received her Real Estate Sales license. She later received her Broker's license in 2006. Pilar has served as a Realtor at Century 21 Champion for nine years and Mentor and Broker Associate for Global Realty Marketing for two and a half years. In addition, she was a Broker Associate & Mentor for a New company Connect Realty.com for two years. She founded Tobias Realty and Total Solutions Alliance in 2009.

Graduated in 1979 from Connecticut Business Institute and received an Associate Degree in Accounting. She moved to California thereafter where she worked as a Tax Accountant until 1996

Pilar's greatest enjoyment is helping others succeed financially. Her goal is to make as many families financially independent as possible. She believes that anyone can be wealthy if they are properly informed and educated.

TwitterLaconi.ca/Identi.caFriendfeedJaikuPlurkLinkedInPicasaFlickrBlipTVViddlerYoutubeVimeoTumblrBloggerBloggerBloggerBloggerBloggerBloggerBloggermetaweblogScribd