Wealthy may be next in line in U.S. home crisis | Reuters: "'The next wave of problems will come from prime borrowers who bought too much house or borrowed too much against it,' said Michael van Zalingen, director of home ownership services at Neighborhood Housing Services of Chicago. A 'prime' borrower is one with good credit. Real estate agents warn that some high-income borrowers have already been forced to sell or leave their homes and more will follow. Especially those who used their homes as ATMs, withdrawing cash via home equity loans."

The good news just keeps rolling in from the housing market. I guess this is the risk you take when your ATM is also an ARM.