Senators agree on deal to extend first-time homebuyer tax credit, Oakland Park’s Alligator Alley shuts its doors … and more

1. CIT avoids bankruptcy with $4.5B loan, rejects Icahn’s cash offering [AP via Crain’s]
2. Senators agree on deal to extend first-time homebuyer tax credit [Market Watch] and [Bloomberg]
3. Higher rental income leads to rise in earnings for Boston Properties [Bloomberg]
4. Jones Lang LaSalle shares fall 6.5 percent [Reuters]
5. CB Richard Ellis profits down 69 percent in 3Q [WSJ]

6. Why extending the first-time homebuyer tax credit is a bad idea [Washington Post]
7. Rising concerns about housing prices dropping in the winter season [NY Times]
8. Housing prices may drop another 10 percent [Forbes]
9. Roubini says investors are fueling another bubble which may spark another crisis [Bloomberg]
10. Small, independent landlords lowering rents to help jobless tenants [Recession Wire]
11. Ivanka Trump says Cindy Adams published false details about her wedding to Jared Kushner [Gothamist]
12. More legislation and funding is needed for affordable housing across the nation [Global Real Estate Monitor]
13. More metropolitan areas starting to feel the sting of foreclosures [Daily Finance]
14. Homeowners interested in mortgage refinancing rises 39 percent in first half of October [National Mortgage News]
15. Oakland Park’s Alligator Alley shuts its doors [New Times Broward-Palm Beach]
16. Tampa judge sends couple to prison for $79M mortgage fraud [St. Petersburg Times]
17. Bear Stearns fund managers got suspicious $4.25M line of credit from Ft. Myers bank [Fortune via CNN]
18. Boynton synagogue in foreclosure [SFBJ]
19. Property taxes went up in Broward cities this year [Sun-Sentinel]
20. Homebuilder stocks drop on downgrade [Miami Herald]