home foreclosure

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.

Congress is expected to vote this week on legislation that addresses the home foreclosure crisis and provides financial aid to Fannie Mae and Freddie Mac.

The struggling firms are currently regulated by a division of the Department of Housing and Urban Development.

The bill would establish a new, independent regulator.

Most people at risk of home foreclosure aren't getting any kind of help, according to a group of state prosecutors and banking regulators.

The mortgage industry has pledged to work with homeowners falling behind on their payments but often borrowers and lenders never connect.

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