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PRESS DIGEST - Washington Post Business - Nov. 21

Fri Nov 21, 2008 1:07am EST

WASHINGTON, Nov 21 (Reuters) - The Washington Post included the following items on the front page of its business section on Nov. 21. Reuters has not verified these stories and does not vouch for their accuracy.

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Fannie Mae and Freddie Mac announced that they are temporarily suspending foreclosures and evictions during the holiday season in an effort to keep people from losing their homes.

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With lawmakers weighing the possibility of allowing one of the U.S. automakers to fail, some on Wall Street and in Detroit are arguing that the consequences of failure could reach far beyond the industry and into the broader economy.

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NEW YORK - Fears about rising default rates and declining property values, which engulfed the home mortgage market at the start of the credit crisis, are spreading to the commercial real estate market, hammering the value of bonds backed by loans made to office buildings, shopping centers and apartment complexes.

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