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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:21 EDTGNW, OCNOcwen in deal to acquire Genworth Financial Home Equity Access for $22M
Ocwen Financial (OCN) announced that on October 26 the company and Genworth Financial (GNW) entered into an agreement whereby Ocwen will acquire Genworth Financial Home Equity Access for approximately $22M in cash. The company, which will be renamed Liberty Home Equity Solutions, is the number one reverse mortgage lender, according to the latest monthly data, with strong positions in both retail and wholesale originations, Ocwen said. The acquisition is expected to close in the first quarter of 2013.
News For OCN;GNW From The Last 14 Days
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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 19, 2015
07:05 EDTOCNOcwen servicer downgrade by S&P expected, says Piper Jaffray
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06:51 EDTOCNOcwen servicer rankings lowered to Below Average by S&P
Standard & Poor's yesterday afternoon lowered its rankings on Ocwen Loan Servicing to Below Average from Average as a residential mortgage prime, subprime, special, and subordinate-lien servicer and removed the four rankings from CreditWatch with negative implications. "We believe regulatory and investor scrutiny and/or actions have affected Ocwen's operations," the ratings agency said.

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