The Real Deal Miami

Florida dings Bank of America’s numbers

August 15, 2008 11:45AM

Florida has the highest proportion of nonperforming mortgage loans in Bank of America’s $15.2 billion portfolio, the Charlotte, N.C. company said Thursday. That rate of 3.05 percent is higher than any state the bank included in its latest Securities and Exchange Commission filing. The total nonperforming ratio for the bank’s mortgages was 1.37 percent.