Securitized Products Research Team

Yeah, Bank of America has such an entity.  They study mortgaged homes; you know, shelter for millions of men, women and children.  They’re on record now predicting 25% of homes with a mortgage will be foreclosed by 2013 (h/t Max Keiser):

The most crucial input to our forecast for construction and home prices is our assumption for foreclosures. Our securitized products research team estimates another eight million homes will be liquidated over the next four years, which adds to the six million homes that have already been liquidated since 2007. All told, we expect 14 million foreclosures or a quarter of all homeowners with a mortgage.

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