Will a foreclosure affect my wife’s credit, if the mortgage loan is only in my name but the deed is in hers?

I have a house which is being foreclosed. The first and second mortgages are in my name only. However, I did a quick-claim deed to my wife about a year ago, so the deed is in her name. Will this foreclosure affect her credit or mine alone since I am the one responsible for the mortgages?

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