The Real Deal Miami

Eight units at the popular Flamingo South Beach complex are in foreclosure … and more

December 01, 2009 12:00AM

1. Duncan Quinn Pop-Up Shop has opened in Miami Beach [Urban Daddy]
2. New York City bar Max Fish will open a location in downtown Miami [Slam x Hype]
3. Palm Beach County Commissioner seeks a moratorium on new pain clinics opening in unincorporated areas [Palm Beach Post]
4. Eight units at the popular Flamingo South Beach complex are in foreclosure [Condo Vultures]
5. Condo prices have dropped the most in Orlando than any other metro Florida city [Orlando Sentinel]
6. President of Tampa Bay home restoration company accused of fraud [St. Petersburg Times]
7. Ben Bernanke addresses reforming financial regulations in Washington Post editorial [Washington Post]
8. Mortgage rates will rise once the Fed stops buying mortgage-backed securities, columnist says [Smart Money via Realtor]
9. Top five global cities for real estate investment [Multifamily Investor]
10. How rising unemployment is dividing Americans into three groups [Robert Reich’s Blog]
11. U.S. Treasury will push lenders to modify more home loans [Bloomberg] and [NYT]
12. Taking a look at the subprime mortgage market [Housing Wire]
13. Credit card and loan delinquencies at record high [Urban Digs]
14. NY Federal Reserve to expand reverse repurchase agreements [Financial Times]
15. Federal authorities seizing alleged fraudster Scott Rothstein’s NYC apartment [AP via 1010 Wins]
16. Why we may be looking at $5.6 trillion in mortgage debt [Seeking Alpha]
17. Companies start clubs to encourage peer-to-peer lending [American Banking News]

18. Brokers could be responsible for filing suspicious activity reports to combat money laundering [MarketWatch via Matrix]

19. Florida makes a poor showing in venture capital [St. Petersburg Times]
20. FHA wants to up lending requirements [Sun Sentinel]
21. Barclays: Wealthy investors could start looking for more property investments [Housing Wire]
22. Fed prepping plan to fend off inflation [AP via MSNBC]
23. Resource Capital plans to offer at least $50M in common stock [WSJ]
24. Fed still slow-moving on MBS purchases from Fannie, Freddie, Ginnie [Housing Wire]
25. Podcast: Jonathan Miller sits down with Real Estate Analytics’ Neal Elkin [Matrix]
26. Concern mounts about Toronto-Dominion Bank’s high exposure to U.S. commercial real estate [Globe Investor]
27. Default three times more likely on zero down mortgages than on 10 percent down mortgages [The Truth About Mortgage]
28. CMBS delinquencies skyrocket 504 percent over last year [Housing Wire]
29. Bank of America mortgage head takes a pay cut [The Truth About Mortgage]