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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:50 EDTNSM, ASPS, WAC, OCNLawsky 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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February 11, 2016
07:01 EDTNSMNationstar begins "Dutch auction" self-tender offer for up to $100M in stock
Nationstar is commencing a modified "Dutch auction" self-tender offer to repurchase up to $100M in cash of its common stock at a price per share within the range of $8.20 to $9.40. The NYSE closing price of Nationstar's common stock on February 10 was $8.61 per share. The tender offer will expire on March 11 at 5:00 p.m., NYC time, unless the tender offer is extended or withdrawn by the company. This tender offer is being made pursuant to an upsizing of the original repurchase authorization from $150M to an aggregate of $250M.
February 4, 2016
12:02 EDTASPSLeon Cooperman reports 8.6% passive stake in Altisource
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