Miami Condo Project Acts as Test Case

Lenders for the Icon Brickell in Miami face a dilemma on whether to sell whole buildings or large blocks of condos to big investors, often at steep discounts, or one by one to individuals.

States Ratchet Up the Lures

Despite a weak economy, cities and states continue to throw millions of dollars in tax credits and upfront cash to attract companies to relocate.

Freddie HR Chief’s Big Payday

Paul George is among the mortgage company’s five highest-paid officers, with annual pay of up to $2.7 million.

REITs End Roller-Coaster Year on High

Real-estate stocks took investors on a wild ride in 2009 and ended the year with strong gains. Don’t count on so much excitement in 2010.

Hong Kong Land Sale Signals Cooling

Two prime residential sites were sold at auction for a lower-than-expected $1.34 billion, in a sign that one of the world’s hottest property markets is cooling off.

Florida county puts foreclosure sales online (Reuters)

Reuters - Florida’s Miami-Dade County will start using the Internet next month in a bid to help auction off tens of thousands of delinquent properties that have put it on the frontlines of the U.S. foreclosure crisis.

CapitalSource nets $119M from HUD mortgage deal (AP)

AP - Commercial lender CapitalSource Inc. on Tuesday said it received about $119 million in cash proceeds after closing mortgages backed by the Department of Housing and Urban Development.

Home prices rise again in October (AP)

AP - Home prices rose for the fifth month in a row in October, but the recovery is shaky with only 11 of the 20 metro areas tracked showing gains.

Florida high court approves mediation models (AP)

AP - The Florida Supreme Court is ordering local judges to adopt a uniform mediation program to help pare down nearly 300,000 foreclosure cases clogging the state’s courtrooms.

Back In The Tank With Fannie, Fred (Investor’s Business Daily)

Investor’s Business Daily - Fiscal Follies: While Americans are distracted by the holidays and a failed terror attack, Washington is giving another blank check to Fannie Mae and Freddie Mac. Say, isn’t this how we got into trouble before?

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