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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:50 EDTASPS, WAC, OCN, NSMLawsky says extending probe of Ocwen, other mortgage servicers
Benjamin Lawsky, Superintendent of Financial Services for the State of New York, delivered remarks yesterday at the Mortgage Bankers Association National Secondary Market Conference, during which he said the regulator has highlighted its concerns about ancillary services with "one particular non-bank servicer," most likely referring to Ocwen Financial (OCN), which the regulator has said it is probing. However, Lawsky added "they are not the only industry player doing this. So you should expect us to expand our investigation into ancillary services in the coming weeks and months," according to prepared remarks posted to the DFSNY website. Altisource Portfolio Solutions (ASPS) was previously spun-off from Ocwen. Other mortgage servicing companies include Nationstar (NSM) and Walter Investment (WAC). Reference Link
News For OCN;ASPS;NSM;WAC From The Last 14 Days
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August 27, 2015
07:05 EDTWACWalter Investment update MSR transactions
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August 26, 2015
10:00 EDTOCNOn The Fly: Analyst Upgrade Summary
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08:26 EDTOCNOcwen upgraded to Neutral from Sell at Compass Point
Compass Point upgraded Ocwen to Neutral with a $6 price target citing the pullback in shares.

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