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U.S. mortgage applications rise 2.8%
By PBN Staff 
WASHINGTON – The number of mortgage applications filed nationwide last week rebounded from the 2008 low of the week before, as rates dipped slightly, the Mortgage Bankers Association said today in its weekly report.
The trade group’s seasonally adjusted Market Composite Index – a measure of overall mortgage loan application volume – rose [...]

Sweeping legislation offers some relief for home, mortgage markets
Aims to stem tide of foreclosures
 
Thursday, July 31, 2008
By Patricia Sabatini, Pittsburgh Post-Gazette
Post-Gazette
The housing bill signed into law by President Bush yesterday aims to prop up the hobbled home and mortgage markets and stanch a flood of foreclosures.
But provisions targeting consumers aren’t just for people on the cusp of losing [...]

Home Trust to offer traditional mortgages
Alternative lender believes competing with banks will lower risk, allow it to pick up more business
 
August 6, 2008
Alternative lender Home Trust Co. is launching a line of traditional mortgage products that will compete directly with those offered by the banks.
The Toronto-based lender hasn’t been pushed out of lending to riskier [...]

Selling a rental? Capital gains, 1031 exchange explained
Question: We know that the tax laws allow homeowners to sell their house and keep the profits tax-free, but what about rental properties? We own a rental house and we want to know if we can sell it and keep some or all of the profits tax-free.
J.C., Everett
Answer: [...]

40-year Home Loan Soaring in Popularity
Lower monthly payments trigger desire for longer loans
With little improvement expected next year in housing affordability, mortgage bankers are predicting a surge in 40-year mortgages, which are becoming increasingly popular because of their lower monthly payments.
The California Association of Mortgage Brokers, in an annual forecast released this week, also expects [...]

Creating Marketable Notes 
Author:    Michael T. Morrongiello
The day has come when savvy entrepreneurs, investors, rehabbers, FSBO’s, Realtors, and other Real Property owners have come to the realization that they can sell their properties faster by offering owner financing and still get to a cash position. The advent and acceptance of what often is referred to as [...]