Mortgages

Martin Walsh announced a five-year, $500 million financing initiative to create thousands of homes.

Twelve banks agreed to stricter antitrust oversight under the $250 million accord, said Pennsylvania Treasurer Joe Torsella.

John Williams said Friday that the Federal Reserve's three interest rate cuts this year have bolstered the housing market and consumer spending.

California, Massachusetts and New York came closest to utilizing their volume caps for PABs in 2018, according to a recent survey by the Council of Development Finance Agencies.

Consumer confidence remained high even after a dip this month, and a rate cut by the Federal Reserve could send it higher.

Richard "Ad" Eichner was known as a pioneer for his work in multifamily housing and tax-exempt charter school bonds.

S&P Global reports state HFAs are maintaining high ratings this year, “buoyed by demand for affordable housing and mortgages, low interest rates, relatively low unemployment, increasing wages, and the overall strong domestic economy.”

The U.S. Department of Housing and Urban Development said Thursday it is expanding the Rental Assistance Demonstration program to Section 202 PRAC units that house senior citizens.

HFAs have been quite active in the secondary and are now originating more mortgages to retain on their balance sheets, according to Florence Zeman, associate managing director, Moody's Investors Service. Down payment assistance is a common feature of these mortgages. Spread is all important. Delinquencies have been manageable. Learn about RAD. John Hallacy hosts.

China's recently announced suspension of U.S. agricultural imports escalated trade-related risks to U.S. agriculture, said Fitch Ratings.