Bank of America is providing mortgage relief to about 200,000 homeowners.

Homeowners that qualify are those whose home values have fallen below what they owe on their mortgages.

Bank of America will reduce the amount owed by the homeowners by as much as $100,000 in some cases.
The move will help the bank reduce the amount of penalties it owes to the government's Housing & Urban Development agency by $850 million.
The penalties were part of a broader $25 billion settlement announced Feb. 9 by federal and state attorneys general and the largest mortgage lenders in the country to resolve investigations into abusive home lending and fraudulent foreclosure practices.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)