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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Bank of America's Foreclosure Crisis




Bank of America is dealing with more issues concerning foreclosures. An employee testified at a US Bankruptcy Court Hearing that BOA did not follow routine protocol.  The employee stated that when Bank of America sold the mortgages to the investors they were actually keeping the promissory note. Bank of America stated that that the employee's statement was incorrect, and the bank denied that this action every occurred.  However, if this statement was is true this would have an effect on many homeowners.