CNN - "Foreclosures spiked in August" (9-13-06)

"Rising payments on adjustable-rate mortgages contribute to 53% jump in foreclosures."

"California foreclosures are increasing at an even faster annual rate, up 160 percent since last year to 12,506. And the formerly red-hot Nevada market recorded a spike of 24 percent compared with July and a whopping 255 percent increase from August 2005."