Subprime loans lead to uptick in foreclosures

'The specifics in Alaska's recent foreclosures show the increase might be a result of subprime lending to under-qualified buyers. "It is sad to see the majority of these defaults are from people who have been in their home for less than two years and have absolutely no equity, and the loans are usually under $200,000," said Lori Davey, president of Motznik Information Services.'