Bank of America Charges May Surge as Mortgages Marked to Market (Bloomberg)

February 15th, 2010 | by DebtFree.net |

March 4 (Bloomberg) — Patricia Greenberg’s townhouse in Irvine, California , was losing about $10,000 a month in value when she received a letter in February 2008 that looked too good to be true: An investor was offering to cut her $472,000 mortgag e by 26 percent and her monthly payment by a third.
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