In the current climate of bail-out and guilty consciences, where it seems as if everyone who borrowed is a victim and all loan companies are villains, Bank of America will rewrite an estimated 50,000 Floridians’ home loans inherited through the takeover of Countrywide. The $1B program will convert most loans into FRMs, and the bank will notify eligible homeowners via e-mail or phone by Dec. 1.
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