Origination

Mortgage application activity decreased 3.2% from one week earlier as interest rates rose to eight-year highs and refinancings fell to an 18-year low, according to the Mortgage Bankers Association.

The scheme's perpetrators were based in Irvine, Calif., the FTC said in a complaint filed in U.S. District Court in Maryland.

Housing prices in Colorado Springs continue to increase at one of the fastest rates in the nation, according to a report by the National Association of Realtors.

The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.

Amazon.com Inc. is headed to New York's Long Island City, but there's a lot of work to be done before it can actually put down roots in the Queens neighborhood.

Consumers blame speculative home flippers and wealthy out-of-towners for soaring home prices, but the blame may be misplaced, given many economists' views about the broader factors at play.

Beazer Homes USA is working to encourage competition among its approved lenders in order to help control upward pressure on home prices and lending rates that could slow sales.

Priced-out Seattleites hoping for a housing market crash with Amazon expanding to two new "headquarters" locations might be disappointed.

The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic.

Three people who fraudulently obtained $9.3 million in mortgage loans involving homes in Modesto, Patterson and Lathrop, Calif., have received multiyear federal prison sentences.