Through its Affordable Housing Program (AHP), Federal Home Loan Bank of Boston has allocated $3 million to be used for financing 79 units of affordable rental and ownership housing for households earning at or below 80 percent of area median income in Massachusetts, Maine, and Vermont.

In an effort to help accelerate the sale of slow moving listings, RealtyBid.com, an online home auction company based in Rainbow City, Alabama, is offering a special holiday promotion throughout December to both real estate agents and buyers.

The third weekend in November proved to be a busy one for Real Estate Disposition, LLC (REDC), during which the company generated $55 million from auction activity in New York City, Las Vegas-Reno, and a national online auction.

After pleading guilty in February 2009 to a single count of conspiring to make false statements to financial institutions, Lee Howlett was sentenced Tuesday to 41 months in prison, followed by three years of supervised release.

In an effort to further reduce risks to its single-family insurance fund which continues to play a critical role in today's housing market, the Federal Housing Administration (FHA) proposed new regulations on Monday in order to boost lender oversight, tighten controls, and streamline lender approval.

Through its Housing Opportunity Fund grants program, the National Association of Realtors (NAR) recently announced the disbursement of $50,950 to 16 local and state Realtor associations, in an effort to promote and expand local affordable housing opportunities in communities across the nation.

Marathon Asset Management, L.P. has completed an initial closing of a Public-Private Investment Fund (PPIF) established under the Legacy Securities Public-Private Investment Program (PPIP), the U.S. Department of Treasury announced Monday.

Richard R. Girouard, a Connecticut real estate developer, pleaded guilty Wednesday to one count of an indictment charging him with conspiring to commit financial institution bribery.

In order to double its mortgage banking operation, Superior Bank of Alabama announced Tuesday that it will add more than 60 people to its existing operation.

The average interest rates for both conventional 30-year and 15-year fixed-rate mortgage loans of $417,000 or less fell in October, the Federal Housing Finance Agency (FHFA) reported Tuesday. According to the report, interest rates on conventional 30-year fixed-rate loans of $417,000 or less fell 13 basis points to 5.