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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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January 26, 2015
06:10 EDTOCNOcwen implied volatility of 157 at upper end of index mean range
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January 25, 2015
14:24 EDTOCNOcwen settles dispute with California for $2.5M
On Friday evening, the California Department of Business Oversight-DBO announced a $2.5M settlement with Ocwen Loan Servicing, over the firm’s failure for more than a year to provide loan information needed by the DBO to assess Ocwen’s compliance with state mortgage lending laws.“The Department is committed to supporting a fair and secure financial services marketplace for all California consumers,” said DBO Commissioner Jan Lynn Owen. “This settlement allows us to move forward and ensure that Ocwen is meeting its obligations under the law.” Under the consent order agreement, the DBO will select an independent, third-party auditor, paid for by Ocwen, whose duties will include ensuring Ocwen provides the DBO all the information it has requested from loan files. Ocwen also will pay $2.5M in penalties and cover the DBO’s administrative costs associated with the case. The settlement also prohibits Ocwen from taking on any new California customers until the DBO determines the firm can fully respond in a timely manner to future requests for information, and the DBO will drop its effort to suspend Ocwen’s license to operate in California. Filed Oct. 3, the formal accusation grew out of Ocwen’s conduct during a routine regulatory examination and will now be withdrawn. Shares of Ocwen were up over 27% in after hours trading on Friday to $8.08. Reference Link
January 23, 2015
16:54 EDTASPSLeon Cooperman reports 5.06% passive stake in Altisource
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16:32 EDTOCNOn The Fly: Closing Wrap
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14:01 EDTOCNOcwen, Home Loan Servicing slide after BlueMountain claims default event
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13:42 EDTWACWalter Investment volatility increases as shares trend lower
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13:38 EDTNSMNationstar volatility elevated
Nationstar February call option implied volatility is at 67, March is at 70, April is a 66; compared to its 26-week average of 49 according to Track Data, suggesting large near term price movement.
13:28 EDTOCNOcwen Financial volatility increases on wide price movement
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13:21 EDTASPSAltisource
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05:58 EDTOCNOcwen implied volatility of 150 at upper end of index mean range
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January 21, 2015
13:45 EDTASPSCooperman files sale of 33K Altisource shares after purchases
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11:49 EDTASPSCooperman raises stake in Altisource with recent purchases
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10:47 EDTASPSOptions with decreasing implied volatility
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05:59 EDTOCNOcwen implied volatility of 152 at upper end of index mean range
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January 20, 2015
10:45 EDTOCNOptions with increasing implied volatility
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09:01 EDTOCNOcwen says Erbey's decision to resign not due to disagreements with company
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08:50 EDTOCN, ASPSAltisource downgraded at Sterne Agee
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08:32 EDTASPSAltisource names John Vella as Chief Revenue Officer
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07:46 EDTASPSAltisource downgraded to Neutral from Buy at Sterne Agee
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07:43 EDTOCN, ASPSAltisource CEO doubts California's case against Ocwen, NY Post says
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