The Real Deal Miami

Beefed up state mortgage fraud protections will put foreclosure rescue scammers front and center … and more

December 18, 2009 10:12AM

1. Beefed up state mortgage fraud protections will put foreclosure rescue scammers front and center [St. Petersburg Times]
2. La Baguette celebrates its grand opening in Miami [Urban Daddy, 1st item]

3.
Shadow inventory climbs; foreclosure backlog will keep home prices low [AP via Sun Sentinel] and [Bloomberg]
4. Nationwide foreclosure rate drops, still nearly 20 percent higher than last year [Property Wire]
5. Miami’s new Le Cafe Pop now open [Urban Daddy, 5th item]
6. Harvard economist says recession not over [Bloomberg]
7. Hovnanian CEO says company will be profitable after 2010, a “transition year” for them [Fox Business]
8. Brian Moynihan named new Bank of America CEO [NY Mag]
9. Tax credit is incentive to buy for 20 percent of homeowners, survey says [Coldwell Banker via Realtor Mag]
10. Hotels deals to rise 40 percent worldwide, according to JLL forecast [National Real Estate Investor]
11. Victims of faulty drywall begin to organize efforts [Housing Wire]
12. Mortgage backers face serious debt obligations [NYT]