I never thought that the subprime mortgage problem was isolated to just poor people. All credit types used the subprime loans for the loans' low initial interest rates and never had any thought or intention to pay the higher reset rates. Home values were going to keep increasing and the loans would be refinanced before they reset. This article from today's Wall Street Journal confirms that subprime mortgages were used by a wide range of people to participate in the housing market boom. Many of these non-subprime subprime borrowers, in my opinion, have no incentive to keep their houses when there mortgages reset. In fact, I bet the stereotypic subprime borrower - i.e. poor and bad credit - will be more likely to try to save their house than the speculators who thought they were junior Donald Trumps.