Thursday, August 6, 2009

TODAY'S "LONG" DATA POINT


BANZAI7 NEWS--Nearly half the nation's mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new report.

An Deutsche Bank analysis of the battered housing and mortgage markets estimated that 25 million borrowers, representing 48% of all Americans with mortgage loans, will plunge underwater before home prices are expected to stabilize in the beginning of 2011.

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