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Stock Market & Financial Investment News

News For BAC;OCN;WIC;NSM From The Last 14 Days
Check below for free stories on BAC;OCN;WIC;NSM the last two weeks.
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August 20, 2014
17:12 EDTBACOn The Fly: Closing Wrap
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14:35 EDTBACBofA reaches $17B settlement over mortgage backed securities sales, AP says
Bank of America along with federal and state authorities agreed upon a $17B settlement for the bank in connection with the sale of mortgage-backed securities in the run-up to the 2008 financial crisis, says AP. Reference Link
14:20 EDTBACBofA reaches $17B settlement over mortgage backed securities sales, AP says
08:38 EDTBACRevolution Lighting enters loan, security agreement with BofA
Revolution Lighting (RVLT) announced that it has entered into a three year loan and security agreement with Bank of America (BAC). The agreement allows Revolution Lighting to borrow up to $25M on a revolving basis. Borrowings under the agreement are determined on specified percentages of eligible receivables and inventory, and bear interest either on the base rate plus specified margins or at LIBOR plus specified margins, at the election of Revolution Lighting. The loan provides Revolution Lighting with favorable interest rates with an initial interest rate of 3%. The agreement contains customary covenants and restrictions typical of these agreements.
06:46 EDTOCNSEC sought information on Ocwen Financial's ties to other firms, NY Times says
Ocwen Financial has received a subpoena from the SEC for documents relating to other companies with which it does business, the company reported in a regulatory filing earlier this week, according to The New York Times. The executive chairman of Ocwen, William Erbey, is chairman of some of these other companies, the newspaper stated. Reference Link
August 19, 2014
16:24 EDTNSMNationstar appoints Kevin Dahlstrom as Chief Marketing Officer
Nationstar Mortgage Holdings announced the hiring of Kevin Dahlstrom as Executive Vice President & Chief Marketing Officer. In this new role for the company, Dahlstrom will lead all marketing activities across the enterprise with particular focus on analytics-driven, digital and web-based strategies to broaden Nationstarís customer acquisition and retention programs to further the companyís mission to become the leading provider of real estate services.
06:20 EDTBACBofA COO transfers, senior manager assumes role, Bloomberg says
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August 18, 2014
07:10 EDTOCNOcwen Financial discloses material weakness in internal control
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06:47 EDTBACU.S. banks consider Ireland fitting spot for EU divisions, FT says
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