“The new loans — some with initial ‘teaser’ interest rates as low as 1 percent — have allowed millions of Americans to buy houses or take equity out of their homes,” writes today’s Los Angeles Times. (Registration required. No fee.)

“But bank regulators, industry analysts and consumer advocates increasingly fear that a large number of recent borrowers won’t be able to keep up with their payments when introductory rates end and monthly loan costs automatically shoot up.”