A real estate investment exec and a real estate broker are allegedly at the center of the scam, in which four California mansions were leveraged for millions in ill-gotten gains
The decrease in application volume comes as both the refinance index and seasonally adjusted purchase index fell
Housing market confidence among Americans continues to trend in a positive direction despite stalling optimism about the economy and personal finances, according to results from Fannie Mae’s June 2012 National Housing Survey. Results indicate flattening economic trends may be contributing to waning consumer expectations about their personal financial situation. Nevertheless, Americans’ continued positive sentiment about housing appears to remain buoyed by low house prices and interest rates at historically low levels.