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WALNUT CREEK, Calif., Oct. 4 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) applauds Thursday's overwhelming vote in the House of Representatives to pass H.R. 3648, which, among other things, extends the tax provision enabling low- to moderate-income homebuyers to deduct the cost of mortgage insurance premiums from their federal income tax returns until 2014. Similar legislation, S. 1416, was introduced in the Senate in July.

LOS ANGELES, Oct. 2 /PRNewswire/ -- Dalton Investments, LLC, a SEC- registered investment management firm serving institutional and private clients, today announced that it is offering a new distressed-mortgage strategy that will buy defaulted loans from mortgage servicing companies at significant discounts and restructure them, providing affordable monthly payments for homeowners and a residential mortgage- and real estate-backed investment vehicle for Dalton's investors.

American entrepreneurs have made millions in the real estate market. Unfortunately it is an industry that is too often closed to underprivileged people, though they have their own enterprising dreams. Despite the current real estate slump, real estate mogul

American entrepreneurs have made millions in the real estate market. Unfortunately it is an industry that is too often closed to underprivileged people, though they have their own enterprising dreams. Despite the current real estate slump, real estate mogul

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A favorite reverse mortgage program -- one that gave borrowers the most in cash, monthly income, or credit line benefits, is soon to end.

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- Four Months Ago, Bob Edleson, a private investor in real estate loans, was having difficulty keeping his money invested. "There just weren't enough good loans to invest in." Today, with many subprime lenders not making loans, Bob has a wide choice of loans in which to invest. Bob is a "private money" or "hard money" investor. From individuals with just 30,000 invested, to those who invest millions, they loan to borrowers whose credit or property doesn't meet the conditions of institutional lenders.

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion. The article suggests that those considering a reverse mortgage "wait it out" for a year or two. While there may be some borrowers who truly are not yet ready to start a reverse mortgage, there are a number of potential problems, none of which were disclosed in the article.