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
Detroit constitutes the biggest municipal bankruptcy in US history. What will the move mean for the beleaguered city's housing market?
A major lender will outsource the servicing of its defaulted loan portfolio to cut costs, with up to 300 jobs "impacted" as a result
Lenders may be easing up on underwriting standards as the proportion of loans with FICO scores below 700 has risen dramatically
A Fed governor has claimed compliance and enforcement are key in preventing asset bubbles like the one that exacerbated the housing crisis
Seven Michigan originators have been arrested over allegations of submitting fraudulent loan applications
An annual report on corporate scandals has been released, and the finance industry hasn't escaped unscathed