Is Big Mortgage Debt A Threat?

The highly competitive home-mortgage industry may be setting up consumers to fail when the current housing boom ends, economic analysts and public policy advocates warn.
Recent reports from the Federal Deposit Insurance Corp. and Demos, a New York-based think tank, hold that the price run-up in hot markets can't go on indefinitely. When prices flatten or drop, overextended borrowers will be at heightened risk of losing their homes, they hold.