Mortgage Settlement Will Lead to More Foreclosures, Experts Say

By Chris Isidore, CNNMoney

NEW YORK -- Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new foreclosures.

Many lenders held off on reposessing homes during the complex negotiations between 49 state attorneys general, and federal officials.

That's left a backlog of troubled loans, many of which won't be helped by measures in the deal that will let homeowners refinance or reduce the amount of their mortgage.