Arrears are continuing to escalate in pools of "low doc" home loans, two reviews published by credit ratings agencies yesterday confirms.Arrears of 60 days or more on low doc loans funded through securitisation pools climbed to 2.93 per cent at December 2008, up from 2.35 per cent at September 2008 and 1.90 per cent at June 2008, a report from Moody's Investors Service shows.By contrast the rate of 60 day arrears on all "prime" home loans is much lower and climbing more slowly. Moody's said the level of arrears was 0.90 per cent at December 2008 up from 0.81 per cent six months before.One low doc deal - issued by an entity now owned by GE Capital - has arrears of 8.6 per cent, and twice the level of arrears six months ago.Arrears are also climbing fast in one loan pool originated by Bendigo and Adelaide Bank, where the arrears rate is 5.0 per cent up from 3.4 per cent in mid 2008.In a separate report Standard & Poor's estimated the 30-day arrears level on low doc loans overall at 4.29 per cent at December 2008, with arrears of 90 days or more at 2.05 per cent.S&P said in their report that low doc arrears doubled over a year and "may potentially worsen."