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Stock Market & Financial Investment News

News For HLSS From The Last 14 Days
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January 23, 2015
16:32 EDTHLSSOn The Fly: Closing Wrap
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14:01 EDTHLSSOcwen, Home Loan Servicing slide after BlueMountain claims default event
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13:26 EDTHLSSHome Loan Servicing volatility increases on wide price movement
Home Loan Servicing February call option implied volatility is at 147, March is at 126, April is at 116; compared to its 26-week average of 30 according to Track Data, suggesting large near tem price movement.
January 14, 2015
14:09 EDTHLSSOcwen, Altisource, Home Loan Servicing downgraded by Moody's
Moody's earlier today downgraded the following ratings with a negative outlook: Ocwen Financial (OCN) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Senior Unsecured Debt to Caa1 from B3; Altisource Solutions (ASPS) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Home Loan Servicing Solutions (HLSS) -- Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2. The rating agency cited the "continued regulatory scrutiny of Ocwen that could lead to the loss of their license to service loans in California along with the seriously impaired franchise value of the three companies." Moody's attributed its negative outlook to the "uncertain outcome of the California Department of Business Oversight regulatory action and its effects on the Ocwen's ability to operate in California." It added that the downgrades to Home Loan Servicing and Altisource were driven by their businesses' reliance on Ocwen.
January 13, 2015
15:23 EDTHLSSHome Loan Servicing shares oversold on Ocwen news, says Deutsche Bank
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11:58 EDTHLSSOcwen news not an issue for Home Loan Servicing, says Sterne Agee
Sterne Agee attributes today's pullback in shares of Home Loan Servicing (HLSS) to news that Ocwen's (OCN) mortgage servicing licenses are being challenged in California. The firm says the news is "in no way" a Home Loan Servicing issue and that the company's dividends should be unaffected at current levels. Sterne believes Home Loan has established itself as a separate company and points out it is actively acquiring asserts away from Ocwen. It keeps a Buy rating on Home Loan with a $22 price target.
11:43 EDTHLSSHome Loan Servicing shares oversold on Ocwen news, says Keefe Bruyette
10:43 EDTHLSSHome Loan Servicing shares defended at Sterne Agee
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10:33 EDTHLSSHome Loan Servicing shares defended at Sterne Agee
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10:08 EDTHLSSHigh option volume stocks
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