BofA Unveils Pilot Program To Avoid Foreclosure
Bank of America has unveiled its pilot Mortgage to Lease program that will allow fewer than 1,000 handpicked borrowers struggling to make loan payments to remain in their homes by initially transferring ownership to the bank and becoming rent-paying tenants.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast