Though foreclosures hit subprime loans hardest at first, the crisis is now extending to borrowers with prime loans, those given to buyers with solid credit. As unemployment continues to rise, the number of prime loan foreclosures is also likely to increase. Economy.com predicts that 60 percent of the year’s mortgage defaults will be the result of unemployment, compared to 29 percent last year. Defaulting homeowners are more likely to be modest borrowers, not the holders of the particularly lenient mortgages that went into default first. Economists call this group of foreclosures the third wave.