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
Lawmakers grilled FHFA Director Mel Watt this morning and pushed for a move toward dismantling the mortgage giants to set up a new housing finance framework.
Released this morning, the Commerce Department's report shows U.S. single-family housing starts and building permits reached record levels last month, signaling the housing market is still on the road to recovery.
The FBI has arrested 15 individuals in several ultra-Orthodox Jewish communities involving a rich man, poor man mortgage and welfare fraud scheme.
The regulator says some disabled consumers have complained they have been grilled excessively during mortgage process.
October housing starts and permits are expected to increase, but multifamily development will still outpaced single-family construction.
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