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South Florida

Would-be foreclosure victims rent their homes in Deed for Lease agreements … and more

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1. Miami-based shopping center REIT buys Long Island property for nearly $104M [Retail Traffic]
2. Citigroup must resume lending to stalled Syracuse project, court rules [WSJ]
3. Carlton Group to auction off $350M worth of properties in REO sale Housing Wire]
4. Consulting firm advises builders to prep for higher construction and sales volume as repeat buyers take advantage of Obama’s tax credit [Housing Wire]
5. Richard Suttmeier: FHA will go the way of Fannie and Freddie and require taxpayer support [Seeking Alpha]
6. Maximum conforming loan ceiling extended through 2010 [NYT]
7. Would-be foreclosure victims rent their homes in Deed for Lease agreements [Washington Post]
8. Mortgage rates for 30-year loans fall to 4.91 percent [Washington Post]