St Louis Mortgage Refinancing and Principal Loan Reduction: Mortgage Market Future Losses

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St Louis Mortgage and Loan Reduction News: Mortgage Market Underestimating Future Defaults?
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Amherst Securities Group said the market is not taking into consideration the high likelihood of potential defaults on performing or re-performing mortgages when estimating future losses on these delinquent loans.

Mortgage-backed securities analysts at the fixed income dealer took a look at $1.3 trillion in outstanding non-agency mortgages from a year ago to see how they're doing as of November 2010 according to St Louis mortgage lending sources.

They found that the $485 Billion

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