NetGain, a weblog on evaluating income property investments headquartered in Mountain View, Calif., has announced the introduction of a national index aimed at increasing return on investment and minimizing investment risk.NetGain said the National Income Property Index provides recommendations to investors based on "the two most crucial influences" on the value of income property: jobs and the cost of debt service. NetGain co-founder Allen Cymrot said the index fills "a void in the marketplace for solid, up-to-date analysis on the current investment climate" and offers investors "a trusted resource that takes into account historical and present-day statistics, along with data to guide them toward establishing critical negotiating tactics effective in any real estate market." The company can be found online at http://www.netgainrealestate.com.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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