homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
Subscriber content preview

January 25, 2007

Real Estate Adviser: Borrowers with 100% loans worry Wall Street

By TOM KELLY
Special to the Journal

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.


 
. . .


To read this story in full login or purchase a subscription.



Previous columns:



Email or user name:
Password:
 
Forgot password? Click here.