New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:50 EDTWAC, OCN, NSM, ASPSLawsky 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 25, 2015
06:38 EDTOCNCiti puts high risk rating on Ocwen, cuts target to $9
Subscribe for More Information
March 24, 2015
16:10 EDTNSMNationstar files to sell 17.5M shares of common stock
Nationstar intends to use the net proceeds from this offering for general corporate purposes, which may include future acquisitions, transfers of servicing portfolios, funding of advances and repayment of obligations, including corporate indebtedness. These acquisitions are expected to include the acquisition of $60B unpaid principal balance of mortgage servicing rights in process or under letters of intent as of the date of the prospectus supplement, the consummation of which is subject to definitive documentation, regulatory approvals, and/or other customary conditions. Citigroup, Barclays and J.P. Morgan are acting as the underwriters for the offering.
09:22 EDTOCN, NSMOn The Fly: Pre-market Movers
Subscribe for More Information
07:19 EDTNSM, OCNOcwen to sell additional $25B portfolio to Nationstar
Ocwen Financial (OCN) announced that its subsidiary, Ocwen Loan Servicing and Nationstar Mortgage, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings (NSM) have agreed in principle to the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 142,000 loans owned by Freddie Mac (FMCC) and Fannie Mae (FNMA) with a total principal balance of approximately $25B. Subject to a definitive agreement, approvals by Freddie Mac, Fannie Mae and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close before mid-year.
07:17 EDTNSM, OCNOcwen to sell additional $25B portfolio to Nationstar
Subscribe for More Information
March 23, 2015
20:02 EDTOCNOcwen receives notice of non-compliance with NYSE continued listings standards
Subscribe for More Information
14:38 EDTOCNOcwen Financial volatility elevated
Subscribe for More Information
07:43 EDTOCNOcwen issues rebuttal letter to trustees
Subscribe for More Information
06:29 EDTOCNOcwen responds to investor allegations, WSJ says
Subscribe for More Information
March 20, 2015
16:13 EDTOCND. John Devaney reports 6.37% passive stake in Ocwen
Subscribe for More Information
07:25 EDTOCNOcwen enters into amendment to OMART advance financing facility
Ocwen said in a filing that on March 19, the company entered into an amendment to its OMART advance financing facility clarifying the appropriateness of adding back the $150M New York Department of Financial Services charge as an extraordinary item for certain covenant calculations.
March 18, 2015
11:44 EDTOCN, WACOcwen reopens after announcing MSR deal with Walter Investment
Ocwen (OCN) shares are up fractionally shortly after reopening for trading.
11:37 EDTOCN, WACWalter Investment jumps 7% after subsidiary agrees to buy MSRs from Ocwen
11:36 EDTWAC, OCNOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
Subscribe for More Information
11:35 EDTWAC, OCNOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
11:30 EDTOCNOcwen trading halted, pending news
Subscribe for More Information
09:27 EDTOCNHome Loan Servicing says requires additional time to file Form 10-K
Home Loan Servicing Solutions said in a filing that on March 3, the company filed a Form 12b-25 indicating that additional time to complete its Annual Report on Form 10-K for the year ended December 31, 2014 was necessary in order to complete the assessment of recent events related to the company’s business and determine the impact on the company’s financial statements and related disclosures. At that time, the company expected to file its Form 10-K within the 15 day extension period. The company requires additional time to prepare information related to its ability to operate as a going concern and to provide such information to the auditors for the purposes of their audit of the company's financial statements for the year ended December 31, 2014.
09:25 EDTOCNOcwen says continues to analyze HLSS' ability to continue to meet obligations
Subscribe for More Information
07:44 EDTOCNJPMorgan to purchase $45B of mortage service rights from Ocwen, NY Post says
Subscribe for More Information
March 17, 2015
13:10 EDTOCNJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use