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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:19 EDTNSM, WAC, HLSS, PFSINationstar, Walter Investment downgraded to Underperform at Wells Fargo
Wells Fargo downgraded both Nationstar (NSM) and Walter Investment (WAC) to Underperform from Market Perform and reduced its sector weighting for Mortgage Servicers to Underweight from Market Weight after its cash flow analysis pointed to share downside. Wells also highlights the continued regulatory issues for the space. The firm lowered its price target range for Nationstar shares to $25-$27 from $29-$32 and for Walter to $22-$24 from $27-$32. Wells keeps Buy ratings on Home Loan Servicing (HLSS) and PennyMac (PFSI).
News For NSM;WAC;HLSS;PFSI From The Last 14 Days
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October 21, 2014
12:15 EDTHLSS, NSM, PFSI, WACOcwen falls after accused of backdating letters by NY regulator
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October 16, 2014
10:46 EDTHLSSHome Loan Servicing receives subpoena from SEC over restatement
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09:25 EDTHLSSHome Loan Servicing reports Q3 adjusted EPS 58c, consensus 58c
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October 10, 2014
16:20 EDTWACBaker Street Capital reports 11.3% passive stake in Walter Investment
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05:45 EDTPFSIPennyMac initiated with an Outperform at JMP Securities
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October 9, 2014
16:44 EDTPFSIPennyMac initiated with an Overweight at Piper Jaffray
Target $18.

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