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MADISON, Wis. – Nationwide, mortgage lenders are bracing for what some experts have predicted will be a sharp increase in foreclosures as adjustable rate mortgages that were very popular during the last refinance boom, reset. Credit unions won’t be immune to this trend, but if industry mortgage experts’ assessments are correct, CUs will be less exposed to credit risk interestingly not so much because of what they have done, but for what they haven’t done.

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