Bank of America Happy With It's Mortgage Delinquency

Quoting from an article that I read in the real estate section of the Sarasota Herald Tribune, "an executive with Bank of America (seated as a panelist at the National Association of Real Estate Editor's Spring Journalism Conference), pointed out with an apparent degree of satisfaction, that 86% of its mortgage borrowers continue to pay on time". I guess in the eys of this executive, that the 14% of mortgage borrowers who are suffering some type of financial distress in making their monthly mortgage payments on time, is acceptable. Interesting observation, considering Countrywide Financial is mostly responsible for originating the toxic mortgage loans that represent a large portion of this acceptable delinquency.