Altisource Solutions pullback a buying opportunity, says Piper Jaffray Piper Jaffray views the recent pullback in shares of Altisource Solutions (ASPS) as a buying opportunity. Piper says shares recently sold off 10% due to some concerns around Ocwen Financial's (OCN) Homeward origination business joining Ellie Mae's Total Quality Loan Program. Piper believes Altisource's relationship with Ocwen remains "very strong" and it reiterates an Overweight rating on the stock with a $156 price target.
Sterne says Ocwen likely addressed backdating issue Sterne Agee says the backdating issue brought up in Benjamin Lawsky's letter has likely been addressed by Ocwen Financial and that the company may be in compliance with the CFPB's guidelines. The firm has a Neutral rating on Ocwen after downgrading the stock on August 1.