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Fresno homeowners caught in foreclosure scam

According to KFSN-ABC30 in Fresno, Calif., hundreds of homeowners in the city fell victim to foreclosure fraud. A company operating as a foreclosure rescue firm ended up scamming locals out of their money. KFSN explains:

"Two legal teams are in the middle of a court battle against the company called Legal Foreclosure Services, Inc. The lawsuits claim the company promised to help save hundreds of homes from foreclosure, but instead it scammed people out of their hard earned money and did nothing to help them keep their homes."

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Mortgage demand jumps 6.3% as rates level off 

Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA).

3d rendering of a row of luxury townhouses along a street

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