A group of U.S. senators has asked the Department of Housing and Urban Development to use its authority to stall the plans of some cities to use eminent domain to seize underwater mortgages
Wells Fargo says a government request to add an executive as a defendant in its fraud case against the bank may be retaliatory.
Last week the Department of Justice asked a federal judge to add a Wells Fargo exec to the fraud suit filed against the big bank more than a year ago.
With rates continuing to creep upward, mortgage applications dropped again last week.
Activity was down in the mortgage market last week as a result of spiking interest rates.
Mortgage applications for new home purchases were up in October.