CNN Money.com posts numerous articles that The Mortgage Crisis will become more evident as ARMs (Adjustable Rate Mortgage ) are reset.

If you or anyone you know has an ARM, contact us to see if these resets affect you. Many homeowners face foreclosure when ARMs reset.

Here are excerpts of two articles dated August 13, 2007 and November 2, 2007.:

Mortgage resets: Record bill coming due

Billions in subprime ARMs will be subject to higher payments.
By Les Christie, CNNMoney.com staff writer
August 13 2007: 11:45 AM EDT

NEW YORK (CNNMoney.com) -- More than two million subprime adjustable rate mortgages (ARMs) are poised to reset at much higher rates in coming months, worsening an already suffering housing market.

Borrowers who took out hybrid ARMs in 2004 and 2005 to secure low "teaser" rates for the first two or three years of the loan may see their monthly mortgage payments climb by 35 percent or more.

Consumer groups and politicians worry that hundreds of thousands of subprime ARM borrowers will be unable to keep up with their mortgage payments and will lose their homes.
These are a few lenders who are affected.

Foreclosures: Moving on up
Filings rise with more on the horizon as interest rates jump on a record number of adjustable mortgages.
By Keisha Lamothe, CNNMoney.com staff writer
November 1 2007: 6:03 AM EDT

NEW YORK (CNNMoney.com) -- Foreclosure filings climbed during the third quarter of 2007 with no relief in sight, according to a report released Thursday.

The report by RealtyTrac, an online marketer of foreclosure properties, showed the number of filings rose 30 percent from the previous quarter and nearly doubled from a year earlier.

Wikipedia, references a list of companies, governmental and quasi-governmental agencies involved in the various economic and financial crises of 2007.
Subprime lenders

* New Century Financial Corporation
* American Home Mortgage Investment Corporation
* Accredited Home Lenders
* Countrywide Financial
* Northern Rock (UK)

Other lenders

* Washington Mutual
* Suntrust
* Luminent Mortgage Capital
* Aegis Wholesale
* 1st National Bank of Arizona
* GreenPoint Mortgage
* Velocity Commercial Lender

Not only does this crisis ruin economic and financial companies but this crisis will snowball into rental shortages. The foreclosures forces homeowners from their homes and tenants put in a precarious situations when a landlord is being foreclosed upon. This sets the landlord up for lawsuits if the terms of the rental are being met by the tenant.