Bracing For A Second Wave Of Home Foreclosures

Courtesy NPR Programs: Morning Edition  Thu, 08/28/2008 - 9:37am

There is growing concern that the home foreclosure crisis may worsen next year as lenders are hit by a new category of loans that haven't caused much trouble.

Bank analysts say they expect delinquency rates on so-called "option ARMs" to continue rising, and those loans could cause as much trouble as subprime loans did.

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