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	<title>New Homes Section Blog &#187; mortgage bailout</title>
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		<title>Bank of America Cuts Mortgage Payments – $8.4 Billion Price Tag</title>
		<link>http://www.newhomessection.com/blog/bank-of-america-cuts-mortgage-payments-%e2%80%93-84-billion-price-tag/2008/10/14/</link>
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		<pubDate>Tue, 14 Oct 2008 22:04:39 +0000</pubDate>
		<dc:creator>NewHomesGuy</dc:creator>
				<category><![CDATA[Home Loans]]></category>
		<category><![CDATA[bank of america]]></category>
		<category><![CDATA[countrywide financial]]></category>
		<category><![CDATA[financial news]]></category>
		<category><![CDATA[mortgage bailout]]></category>
		<category><![CDATA[new home mortgage news]]></category>
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		<description><![CDATA[Bank of America announced a new program slated to start in December of this year that will help as many as 400,000 homeowners dodge foreclosure and rising mortgage payments. The program will benefit Countrywide borrowers of Alt-A, adjustable rate, sub prime fixed rate and even prime mortgages; this announcement is part of an agreement with [...]]]></description>
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