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Stock Market & Financial Investment News

News Breaks
February 12, 2013
16:36 EDTASPS, OCNAltisource Solutions enters letters of intent to buy some Ocwen units
Altisource Portfolio (ASPS) said it has entered into non-binding letters of intent with Ocwen Financial (OCN) to acquire certain fee-based businesses related to Ocwen's recently acquired Homeward Residential Holdings mortgage servicing and origination business platform and Ocwen's anticipated purchase of the mortgage servicing platform from Residential Capital for a combined purchase price of $218.6M. In connection with the proposed transactions, Altisource and Ocwen will execute a five-year extension until 2025 of certain existing services agreements.
News For ASPS;OCN From The Last 14 Days
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July 24, 2014
07:25 EDTASPSAltisource reports Q2 EPS $2.45, consensus $1.79
Reports Q2 revenue $263.17M, consensus $240.67M.
July 21, 2014
12:15 EDTASPSAltisource acquires Mortgage Builder Software
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July 16, 2014
07:07 EDTOCNOcwen Financial creates Community Advisory Council
Ocwen Financial announced the creation of a Community Advisory Council. The Council will provide a forum for Ocwen leaders and community advocates to share ideas, discuss policy issues and collaboratively identify opportunities for Ocwen to have a positive impact on local communities, particularly those hit hardest by the economic downturn. The Council will work with Ocwen to consider issues such as principal reduction modifications for families with underwater mortgages; reducing urban blight; helping communities of color that have been hardest hit by the mortgage crisis; and improving language access to borrowers with limited English proficiency. The Council will be chaired by Ronald Faris, president and CEO of Ocwen, and will initially consist of 15 leading non-profit community advocates and housing counseling agencies from around the country. Other members may be added to the Council in the future.

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