Flushing Commons gets the go-ahead from community board, Republican gov candidate slams Cuomo on subprime bust … and more

1. Mixed-use Flushing Commons development gets the go-ahead from community board [Crain’s]
2. Former AIG asset management branch relocates to 112,000 square feet at 399 Park Avenue [CoStar]
3. New Republican gov candidate Carl Paladino: Cuomo’s policies led to subprime bust [AP via Crain’s]

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4. World Health Organization inks 10-year deal at 995 Second Avenue [Post, 4th item]

5. iStar Financial CFO James Burns resigns [Fox Business]
6. Abraham Joshua Heschel School to sell elementary and middle school buildings on UWS [Post, 2nd item]
7. Credit Suisse slashed KB Home rating, stocks respond [Fox Business]
8. FHA single-family lending volume down 25 percent since December [National Mortgage News]
9. The top 10 victims of the U.S. commercial real estate crisis — thus far [CNN Money]
10. Fed wary of new speculative asset bubbles amid record-low interest rates [AP via Yahoo Finance]
11. As former “Extreme Makeover” homes get foreclosed on, producers decide to downsize [WSJ]
12. Why more than half of completed loan modifications default again [Blown Mortgage]
13. New specialty mortgage servicers capture market share on the worst-of-the-worst in delinquent loans [CNN Money]
14. Consumer bankruptcies could top 1.5M in 2010 [Inman News]

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