Bank of America (BAC) efforts to help 60K homeowners slice a large chunk of principal of their...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) efforts to help 60K homeowners slice a large chunk of principal of their mortgage balances are falling short of expectations as more than half haven't responded to mailings from the lender. Other large lenders are reporting far better success, suggesting some truth behind anecdotal reports of the difficulties of dealing with BofA.