Foreclosure issues continue to dominate the economic forecasts for our region and our nation. The Washington region, which came to the foreclosure market more slowly than other regions, suddenly is a “hot spot” for analysts. A recent survey of bank executives about key issues revealed that a declining economy, faltering credit markets, stiff competition from other financial institutions, and an uncertain political year are factors contributing to their general discomfort about the financial future. Many of those surveyed believe the financial crisis is not over, that it will take another six to 12 months minimum before an upswing occurs.
