Borrowers don't lack options such as a refinance mortgage - 2007-03-15
Eddie Oruna and Kerman Rogers are sub-prime borrowers, thirtysomethings with spotty credit histories who purchased a three-bedroom home in Chino Hills in 2002 and then financed it to the maximum. The interest rate on their two loans recently surged more than 2 percentage points, and they're struggling to make monthly payments. To keep their mortgage current, they're setting aside other bills, which is hitting their credit ratings and hurting their chances of a refinance mortgage that they can afford.
Read the full story at Los Angeles Times

Who Gets Hurt If Subprime Meltdown Worsens? - 2007-03-15
The troubles in the subprime� lending market has so far been limited to the borrowers who foolishly got in over their heads and the lenders who recklessly sold them the risky mortgages. But what has investors so worried these days is the sinking feeling that the unwinding of the housing boom could be part of a wider unraveling of the financial markets. One that could ultimately cause a recession.
Read the full story at NBC6.net