Flagging growing concerns on Capitol Hill that commercial real estate losses could threaten economic recovery, a bipartisan group of 79 House lawmakers sent a letter Monday to federal regulators asking them to strengthen efforts to address the situation.

The letter, which was sent to Treasury Secretary Tim Geithner and Federal Reserve Board Chairman Ben Bernanke, urged regulators to take three main steps: establish a clear method for measuring and evaluating the effectiveness of recent commercial real estate loan modification guidance; institute ways to more clearly differentiate performing versus nonperforming loans; and encourage lenders to continue to make credit available for worthy borrowers to restore confidence and long-term value in the market.

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