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Interest rates on conventional purchase-money mortgages decreased three basis points from 4.02 percent in July to 3.99 percent in August for loans closed at the end of August, according to a index from the Federal Housing Finance Agency.

The Community Home Lenders Association released a housing finance Action Plan Monday that outlines Fannie Mae and Freddie Mac reform steps, preserves a government guarantee, and protects taxpayers.

Standard and Poor's Rating Services recently affirmed Ocwen Financial Corp., 'B' issuer credit rating and removed the rating from CreditWatch negative. In addition, S&P also placed Ocwen's outlook as negative.

Mortgage rates lowered to 3.86 percent for the week ending September 24, 2015 after the Federal Reserve decided to keep interest rates near zero last week.

HUD and the U.S. Census Bureau jointly announced Thursday the new residential sales reached a seasonally adjusted annual rate of 552,000 in August 2015, the highest level since February 2008.

American International Group Inc., and a group of General Electric Inc., pension and investment funds recently agreed to put a New York federal court suit brought about by the funds to rest.

Mortgage loan application defects took an unexpected turn in August and declined 2.4 percent, but there are questions as to whether or not loan defects will continue this downward trend.

Mortgage loans declined from 8.7 million to 6.0 million, or by 31 percent in 2014 compared to the previous year, mostly due to a drop in refinancing.

Ambiguity and/or delays in the loan modification process were a frequent subject of the monthly complaints report and mortgage credit access will be expanded to rural areas.

First-time buyers comprised 56.9 percent of primary owner-occupied home purchase mortgages with a government guarantee in August 2015, up from the 54.5 percent share last August, the American Enterprise Institute reported in their First-Time Buyer Mortgage Share Index.