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Ocwen Financial Corp. agreed to sell servicing rights on a $25 billion portfolio of home loans and said it's out of compliance with New York Stock Exchange listing standards.

Ocwen Financial is fighting back against a group of large bondholders that have accused the Atlanta mortgage servicer of improper servicing practices and an alleged breach of trust.

Ocwen Financial Corp. said investors in mortgage-backed securities who criticized its servicing policies are trying to force more foreclosures.

A new loan program will allow borrowers to put down even less than the 3% down payment mortgage programs to be offered by Fannie Mae and Freddie Mac. This move and others like it, while laudable, will no doubt ensure increasing default rates.

Bank of New York Mellon is building out a new investment firm with the mortgage specialist Amherst Holdings. The move is its second major commitment to a fixed income-related fund this year.

Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt. Potential buyers are bidding on three pools of nonperforming loans, with unpaid principal balances of about $660 million, $249 million and $125 million.

Ocwen Financial has delayed filing its 2014 results and announced the sale of more servicing rights. The embattled Atlanta servicer was initially expected to report fourth-quarter and full-year results on Monday.

As the temperature have crept up, mortgage rates have gone down, making for a positive start to the spring home-buying season, according to the Freddie Mac Primary Mortgage Market Survey.

A U.S. District Court judge has dismissed a challenge to JPMorgan Chase's $13 billion settlement with the Justice Department.

The percentage of mortgage loans refinancing as part of the overall origination market continued to grow in February following January's blockbuster month, according to data released Wednesday by Ellie Mae.