“The worst may not be over for commercial real estate loans as vacancies remain high and rents decline, threatening the financial system with substantial losses, Standard & Poor’s said…”

via Worst to come in U.S. commercial real estate – S&P | Reuters .

“The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past year, foreshadowing a crush of foreclosures that could further buffet an agency vital to the housing market’s recovery…”

via Rising FHA default rate foreshadows a crush of foreclosures – washingtonpost.com.

“Sales of existing homes fell a record 17 percent in December, while foreclosure petitions are rising. Instead, let’s use this crisis to try a new approach: permanently slashing the 6 percent real estate brokerage commissions prevalent in most markets…”

Cut foreclosures by slicing real estate fees.