Quote Originally Posted by WR1O View Post
Up to $150,000 knocked off your mortgage,

Bank of America Offers Principal Reductions to 200,000 Homeowners,

I should have bought more house than I could afford and lived beyond my means.

I must be stupid. I'm doing it wrong.


http://finance.yahoo.com/news/bank-o...omeowners.html
BOA fraudulently appraised the homes, perform bait-and-switch loans (From Fixed rate being "sold", to an ARM or Interest Only being executed), among other fraudulent practices.

They are hardly just giving away shite to people who were stupid. They are rectifying their fraud.