More Than 11 Million New Foreclosures Predicted

More than 11 million foreclosures are still to come in the U.S. housing market, Laurie Goodman, senior managing director at Amherst Securities, said during an ASF2011 panel today.

  • 08 Feb 2011

-- Daniel O’Leary

More than 11 million foreclosures are still to come in the U.S. housing market, Laurie Goodman, senior managing director at Amherst Securities, said during an ASF2011 panel today. She said the property market could worsen unless government and lenders somehow reduce mortgage principals. “If governmental policy ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
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