Government

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.

SFR should be considered by policymakers as an integral part an affordable housing strategy because of volume, location, neighborhood impact, and affordability.

In response to the surprise announcement of the resignation of Speaker of the House John Boehner (R-Ohio) on Friday morning, U.S. Rep. Jeb Hensarling (R-Texas) is "considering his options" as far as seeking the speaker position.

As American cities rebound and develop after years of disinvestment, rising housing costs are excluding lower-income residents, and inclusionary housing could be the only solution to ensure that cities remain integrated.

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.

The Consumer Financial Protection Bureau and the Department of Justice have taken action against Hudson City Savings Bank for discriminatory redlining practices, according to an announcement Thursday.

The Collingwood Group, a Washington, D.C.-based business advisory firm, announced that Paul Mullings has joined the company as a managing director supporting the firm in business advisory and risk management and compliance practices.