Bank of America to cut some mortgage balances

Bank of America announced Wednesday that it will first look at reducing the loan balances of certain distressed homeowners with subprime or adjustable rate mortgages to make their payments more affordable.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/aRfh1u27iek" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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