The Real Deal Miami

Fountainebleau outlook shaky, mortgage rates drop further … and more

September 04, 2009 07:53AM

1. Debt-saddled Fontainebleau’s future appears bleak [WSJ]
2.
Miami’s Ascendant Commercial Insurance to offer coverage for First Commercial policyholders [SFBJ]
3. “McMansions” get burned, as families flock to cost-efficient homes [Miami Herald]
4. Six South Florida residents indicted in multi-million dollar mortgage fraud [SFBJ]
5. Nobel prize-winning economist Joseph Stiglitz says U.S. economic recovery does not appear “sustainable” [Bloomberg]
6. SmartMoney columnist James Stewart says this is the best time to buy a home [WSJ]
7. Second-largest maker of sea cargo boxes to market “houses in containers” [Bloomberg]
8.
REIT managed by Annaly Capital to become September’s first initial public offering [Reuters]
9. Mortgage rates dropped this week, sparking more home sales [WSJ]
10.
As U.S. shop space becomes cheaper, Burberry looks to expand presence [Bloomberg]
11. Reuters poll shows most believe housing prices will rise in 2010 [CNBC]
12. FHA having all-time busiest year [USA Today via Realtor Magazine]
13. Mortgage bankers urge government to replace Fannie and Freddie [Realtor magazine]