Home Mortgage

NY Requires Ocwen Reforms, $150M Homeowner Help

New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation's largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners.

Contracts to Buy Homes Rise in Hopeful Sign

More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.