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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:50 EDTOCN, NSM, ASPS, WACLawsky 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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July 1, 2015
16:12 EDTNSMPoint72 Asset Management reports 5.2% passive stake in Nationstar
June 29, 2015
08:34 EDTWACWalter Investment adopts one-year shareholder rights plan
Walter Investment announced that its board has adopted a one year shareholder rights plan. Walter Investment's board adopted the rights plan in response to accumulations of the company's shares in the market. The rights plan is intended to enable all Walter Investment shareholders to realize the full value of their investment in the company and to reduce the potential that any person or group could gain control of the company by open market accumulation or other tactics without paying a control premium. The rights plan applies equally to all current and future stockholders and is not intended to deter offers that are fair and otherwise in the best interests of the company's shareholders. The rights plan, which has a 20% beneficial ownership threshold, may be amended, redeemed or terminated by the board at any time prior to being triggered or its expiration on June 29, 2016. The rights plan exempts any person or group currently owning 20 percent or more of the company's common stock. However, the rights will be exercisable if a person or group that already owns 20 percent or more of the company's common stock acquires any additional shares after the time of announcement of the rights plan.
June 25, 2015
11:07 EDTOCNOcwen management to meet with Piper Jaffray
Meeting to be held in Boston on June 29 hosted by Piper Jaffray.
June 24, 2015
14:26 EDTOCNOcwen outlook revised to Stable from Negative by Fitch
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June 22, 2015
16:41 EDTWACBaker Street Capital reports 22.3% stake in Walter Investment
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10:36 EDTNSMNationstar management to meet with UBS
Meeting to be held in Dallas on June 23 hosted by UBS.

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