(S (S (SBAR (IN As) (S (BASENP (DT the) (NNP Mortgage) (NNPS Bankers) (NNP Association)) (VP (VBD reported) (SBAR (IN that) (S (NP (BASENP (JJ late) (NNS payments)) (PP (IN on) (NP (NP (BASENP (NNS mortgages)) (CC and) (BASENP (NN home) (NNS foreclosures))) (PP (IN in) (BASENP (DT the) (NNP US) (NNS homes)))))) (VP (VP (VBD rose) (PP (IN in) (BASENP (DT the) (JJ fourth) (NN quarter)))) (PP (TO to) (NP (BASENP (PRPD their) (JJS highest) (NN level)) (PP (IN in) (BASENP (NNS years))))))))))) (COMMA ,) (S (BASENP (NNS investors)) (VP (VBP are) (ADJP (JJ concerned) (SBAR (IN that) (S (NP (NP (CONJP (RB not) (RB only)) (BASENP (NNP US) (NNS banks))) (CONJP (CC but) (RB also)) (NP (BASENP (JJ multi-national) (NNS banks)) (PP (IN around) (BASENP (DT the) (NN globe))))) (VP (MD could) (VP (VB have) (BASENP (NN exposure)))))))))) (PERIOD .))