The Real Deal Miami

Luxury homebuilders scaling down McMansions … and more

January 07, 2010 07:34PM

1. FAR: Unlimited funds for Fannie Mae and Freddie Mac to help troubled mortgages [Florida Realtors]
2. Luxury homebuilders scaling down McMansions [Palm Beach Post]
3. West Palm Beach man sentenced to federal prison in connection with a mortgage fraud scheme [Mortgage Fraud Blog]
4. STK Restaurant opening soon in the Gansevoort South in Miami [Hotel Chatter]
5. Rat found in Café Asada at Carne Asada Gran Hotel in Miami [Just News]
6. Central Florida-based mortgage company People’s First sued for loan modification scams [Mortgage Fraud Blog]
7. Second lien mortgage mods from Obama’s Home Affordable Modification Program reportedly on hold [Calculated Risk]
8. Will principal reductions solve the housing crisis? [CNBC]
9. AIA: Non-residential construction to decrease by 13.4 percent in 2010 [Mediabistro]
10. Negotiating power for U.S. homebuyers drops in November, but remains high, Zillow reports [Reuters]
11. Chinese prospective homebuyers abound in America, but they’re cautious [NYT]