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20,000 underwater homeowners expected at five-day loan modification marathon … and more
1. 20,000 underwater homeowners to descend on Palm Beach for five-day loan modification marathon [Palm Beach Post]
2. Lawmakers planning to introduce bills allowing property insurers to raise Florida rates [Sun Sentinel]
3. Fraudster’s family to keep Sarasota home while $162M in other assets seized [AP via NYT]
4. Sunrise commissioners quash recycling plant plan after community protest [Sun Sentinel]
5. Car owners may be more likely to default on homes, report suggests [Inman]
6. Bernanke testifies that interest rates will stay low for a while [Post]
7. Forget models: new computer program said to transform 2-D building pictures into 3-D [NYT]
8. Rate of lending drops sharply [WSJ]
9. Geithner says Fannie and Freddie plans won’t be made public till 2011 [WSJ]
10. Drop in new home sales could hit builders hard [Forbes]