U.S. bank failures reached 26 this year as four more were closed in Maryland, Utah, Florida and Illinois. The FDIC was unable to find buyers for the Maryland and Utah banks. Residential and commercial real estate loans made at the height of the market are now seeing huge losses as lenders are collapsing at the fastest pace in 17 years, experts say. One expert predicts that this year's failures will exceed last year's total of 140.

Some say the FDIC may issue $4 billion of bonds this month. It sold $1.81 billion of notes Friday, which are backed by mortgage securities collected from failed banks.

If you or someone you love is facing foreclosure, modifying your mortgage may prevent you from having to file for foreclosure. To learn more, contact the Maryland mortgage modification attorneys of Chaifetz & Coyle, P.C., today by calling 443-546- 4608.