Caribbean Miami Beach condo project foreclosed, mortgage lender fees generating record profits ... and more.1. South Beach oceanfront condo project Caribbean Miami Beach is being foreclosed on [Condo Vultures] 2. The Postcard Inn in St. Pete Beach to gain New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. BBQ master [Eater] 3. Loews' Miami Beach hotel to undergo $50 million renovation [Miami Herald] 4. Lennar to host "Seven Days to Save" sales event [Larry Vershel press release] 5. Fort Myers multi-family community sees Dallas-based REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). investment [Housing Wire] 6. Fed divided over when to raise interest rate [NYT] 7. With $54 billion more in losses than it can withstand, FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). bailout looks likely [Bloomberg] 8. Experts say rate of return still justifies property investment [MSNBC MSNBC Microsoft/National Broadcasting Company ] 9. Real estate professionals increasingly turn to high-tech programs to enhance business [ABC News] 10. More banks shying away from short sales [Business Week via Realtor Magazine] 11. Goldman Sachs Group looks to sell first commercial mortgage bond since June 2008 [NYT] 12. Mortgage lender fees generating record profits [Huffington Post] 13. Critics say that home foreclosure efforts aren't doing enough [Business Week via Yahoo!] 14. Zillow and Trulia report nationwide home price cuts [U.S. News and World Report via Realtor Magazine] 15. Fannie and Freddie aiming to assist growth of independent mortgage lenders [Business Insider] 16. Corporate housing rentals riding out tough market [Realty Times] 17. Commercial loans increasingly seeking special servicing [Housing Wire] 18. NYU frat house on the market for $17.3 million [EV Grieve] |
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