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Stock Market & Financial Investment News

News Breaks
February 12, 2013
16:36 EDTOCN, ASPSAltisource 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.
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April 21, 2014
14:29 EDTASPS, OCNOcwen sent letter about related party issues as NY probe ramps, WSJ says
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