The Real Deal Miami

South Florida foreclosures up 15 percent in November, CIT will emerge from bankruptcy this week … and more

December 08, 2009 05:40PM

1. South Florida foreclosures up 15 percent in November [Business Insider]
2. Still many troubled financial institutions based in Florida [St. Petersburg Times]
3. Barclays Capital estimates that foreclosures are largely concentrated in Florida [WSJ]
4. Zillow: U.S. homeowners have lost $5.9 trillion to declining property values since 2006 [Bloomberg]
5. CIT will emerge from bankruptcy this week [Bloomberg]
6. Investors will have a hard time winning damage awards from financial executives over subprime debacle, insurance company says [Bloomberg]
7. Mandolin Aegean Bistro greek restaurant opens in Miami [Urban Daddy]
8. Florida BBQ restaurant owner learns landlord is alleged Ponzi schemer Scott Rothstein [ABC]
9. FHA will make it harder to obtain a condo loan [Sun Sentinel]
10. New lending regulations will scrap plans for new projects [Sun Sentinel]
11. Fitch Solutions said low rates led to performance deterioration in 2005 subprime residential MBS [National Mortgage News]
12. GE expects $7 billion in commercial real estate losses [Market Watch]