Bank of America completed or approved nearly $30 billion in real and meaningful relief to more than 330,000 homeowners and offered life-of-loan interest rate reductions to more than 40,000 others in 2012 through programs of the National Mortgage Settlement (NMS). The bank reported its progress through December 31, 2012 in a quarterly report to the federal program monitor, who released the details today.

Bank of America completed or approved a total of $15.8 billion in consumer relief for about 164,000 homeowners as of September 30 through programs established under the National Mortgage Settlement. Quarterly progress reports from all five banks involved in the agreement with federal and state governments will be filed today with participating state attorneys general and the federal program monitor.

Bank of America today announced a three-year commitment to make available up to 1,000 properties to nonprofit organizations and local government programs that provide homes for injured military veterans and first responders.

Adding to its foreclosure prevention initiatives, Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – between $2,500 and $30,000 - at the completion of a qualifying short sale.

“Bank of America is committed to providing alternatives to foreclosure whenever possible,” said Bob Hora, home transition services executive for Bank of America.

Bank of America announced today it has opened a customer assistance center in Bolingbrook to serve its mortgage customers throughout Illinois. Borrowers will have the opportunity to meet face-to-face with Bank of America home retention specialists to review options for home loan modifications or other alternatives to foreclosure, as well as review loan modification files already in progress.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices.

NEW YORK--(BUSINESS WIRE)--Bank of America announced today it has opened customer assistance centers in Brooklyn and West Hempstead, Long Island to serve its mortgage customers throughout the region. Borrowers will have the opportunity to meet face-to-face with Bank of America home retention specialists at each location to review options for home loan modifications or other alternatives to foreclosure, as well as review loan modification files already more...

SOUTHINGTON, Conn.--(BUSINESS WIRE)--Bank of America announced today it has opened a customer assistance center in Southington to serve its mortgage customers throughout Connecticut. Borrowers will have the opportunity to meet face-to-face with Bank of America home retention specialists to review options for home loan modifications or other alternatives to foreclosure, as well as review loan modification files already in progress.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today announced that it has reached an agreement to resolve nearly all of the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure, representing 530 trusts with original principal balance of $424 billion.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today announced that it has completed the sale of the lender-placed and voluntary property and casualty insurance assets and liabilities of Balboa Insurance Company and affiliated entities to QBE Insurance Group. The companies first announced the sale agreement in February.

CHICAGO--(BUSINESS WIRE)--Chicago Mayor Richard M. Daley and Bank of America’s Illinois Market President Tim Maloney today announced that the bank is taking several actions in partnership with the city to alleviate the impact of vacant properties on surrounding neighborhoods and the community at large. The initiatives include the donation of the vacant foreclosed properties by Bank of America to the city and nonprofit organizations for reuse, more...

DETROIT--(BUSINESS WIRE)--Detroit Mayor Dave Bing and Bank of America Chief Executive Officer Brian Moynihan today announced that the bank will open two customer assistance centers in the Detroit area to serve mortgage and other credit customers who are facing financial difficulty. This follows a three-day mortgage loan modification expo at Cobo Hall that attracted 1,400 customers for face-to-face mortgage counseling earlier this month.