Bernanke says modest expansion will continue next year … and more

1. Bernanke says modest expansion will continue next year in address to New York Economic Club [Seeking Alpha]
2. Bank of America to announce $460M CMBS deal, signaling possible market revival [Dow Jones via CNN]

3. Wall Street investment funds buy and reduce home mortgages, profiting and shifting risk onto federal government [NYT]
4. Tax credit likely led existing U.S. home sales to two-year high in October, economists forecast [Bloomberg]
5. Renters suffer as foreclosed landlords let multi-family buildings deteriorate [Washington Post via NY Mag]