Experts fear a new wave of foreclosures will hit this year as prolonged
unemployment makes it difficult for millions of homeowners to pay their
mortgages — and many of them aren't likely to get much help from a
federal program aimed at keeping them in their houses.
First he called congressional Democrats' yearlong march toward health
care overhaul an ugly process. Now President Barack Obama wants to talk
directly with Republicans, the very people his Capitol Hill allies call
obstinate and uncooperative.
Over the next few years, a wave of commercial real-estate loan failures
could threaten America's financial system, and in the worst case
scenario, hundreds of additional community and midsize banks could face
insolvency, a congressional watchdog group said Thursday.