Alleged $12M mortgage fraud involves eight Calgary banks, 22 homes Police say they’ve uncovered mortgage fraud worth $12 million that involved 22 Calgary homes and eight banks. Rev Dan Catt Read more on Times & Transcript

US mortgage applications rise but rush is to refinance rather than buy homes WASHINGTON – Applications for home loans in the United States rose last week as consumers raced to refinance at the lowest rates in decades. The Mortgage Bankers Associations said Wednesday that overall applications increased nearly seven per cent from a week earlier. [...]