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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:19 EDTHLSS, WAC, PFSI, NSMNationstar, 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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May 19, 2015
16:19 EDTNSMNationstar Chief Strategy and External Affairs Officer to resign June 19
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07:08 EDTPFSIWells Fargo to hold a conference
4th Annual Specialty Finance Conference is being held in New York on May 19.
May 15, 2015
07:09 EDTNSMHayman Capital gives quarterly update on stakes
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