This may be welcome news for those who are struggling to keep their homes—especially those who have mortgages with Bank of America (BofA). BofA has joined forces with Keep Your Home California (KYHC), an organization run by the California Housing Finance Agency, that utilizes federal funding to help troubled borrowers.  BofA is the largest of the major banks to participate in KYHC’s Principal Reduction Program.  The video below gives an overview of what KYHC is all about.

Real INFO | BofA To Reduce Principal for Eligible Homeowners