BoA Chief to testify on Capitol Hill - BLEAK !!!

A few numbers from Barbara Desoer's prepared speech that will be made on the state of affairs of BoA's mortgage portfolio. Does not paint a very good picture though.

•1.4 million borrowers, or 10 percent of the entire BofA residential mortgage portfolio, are more than 60 days delinquent.
•More than 16,000 BofA employees are dedicated to helping troubled borrowers work out a solution.
•BofA has taken $10.4 billion in write-downs tied to mortgages over the past two years.

For more information check out the Charlotte Business Journal: Bank of America's Barbara Desoer paints ugly picture on Capitol Hill