That is a valid rumor! We are testing the system now. About 100 loans that were initiated on Friday were put onto equator. Once we are comfortable with loan performance we will move all FHA and USDA intake onto equator. Any loan that is already an open short sale will be closed through current practices.
VP, Government Closing Unit Manager
Officer, Bank of America Community Volunteers
Service With Action Team Co-Leader
Thank you for your information. Please keep me informed.
I can be reached at