http://online.wsj.com/article/SB119668898789911772.html?mod=googlenews_wsj
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Pulling from research conducted by members of the bank's staff, Mr. Rosengren [president of the Federal Reserve Bank of Boston] noted that 55% of subprime adjustable-rate mortgages, where the owner occupied the home, hadn't missed a mortgage payment in the past year. That translates to about 1.2 million borrowers.
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