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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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Publication:The Real Deal
Date:Oct 9, 2009
Words:234
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