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The Real Estate Adviser |
January 25, 2007
While some of the nation's leading economists are optimistic that the housing market will improve during the second half of 2007, Wall Street's capital markets researchers — the money guys — are concerned hundreds of thousands of borrowers could be in default on their home loans before the summer months arrive.
Chris Flanagan, managing director and head of global research for JP Morgan Securities, said approximately 35 percent of all sub-prime mortgage borrowers could have a difficult time meeting their loan obligations when their adjustable rate mortgages hit their first adjustment period.
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