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Relief for Homeowners Ally/GMAC, Bank of America, Citi, Chase & Wells Fargo will give $17 billion in assistance to borrowers who can and will stay in their homes while making reasonable payments on their mortgage loans. At least 60 percent of the $17 billion must reduce the principal balance of your home loans if you are in default or at risk ...

The Home Affordable Refinance Program, or HARP, has been under fire for not helping enough home owners refinance their loans. The Feds have revamped HARP into HARP 2.0 and the industry’s four largest mortgage servicers; Bank of America, Chase, Citigroup and Wells Fargo have expressed support for the new changes.If you have a loan with one of ...