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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:21 EDTOCN, GNWOcwen 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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July 30, 2014
12:27 EDTGNWOn The Fly: Midday Wrap
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12:16 EDTGNWStocks with call strike movement; GNW LEN
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10:00 EDTGNWOn The Fly: Analyst Downgrade Summary
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09:38 EDTGNWActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN TWTR NFLX GILD C MA FB RFMD AMGN GNW TSLA
07:59 EDTGNWGenworth downgraded to Neutral from Outperform at Macquarie
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July 29, 2014
17:10 EDTGNWGenworth reports Q2 EPS 35c, consensus 35c
Reports Q2 revenue $2.42B, consensus $2.36B. Reports book value per share $32.68 vs. $29.76 last year.
15:53 EDTGNWNotable companies reporting after market close
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July 16, 2014
07:07 EDTOCNOcwen Financial creates Community Advisory Council
Ocwen Financial announced the creation of a Community Advisory Council. The Council will provide a forum for Ocwen leaders and community advocates to share ideas, discuss policy issues and collaboratively identify opportunities for Ocwen to have a positive impact on local communities, particularly those hit hardest by the economic downturn. The Council will work with Ocwen to consider issues such as principal reduction modifications for families with underwater mortgages; reducing urban blight; helping communities of color that have been hardest hit by the mortgage crisis; and improving language access to borrowers with limited English proficiency. The Council will be chaired by Ronald Faris, president and CEO of Ocwen, and will initially consist of 15 leading non-profit community advocates and housing counseling agencies from around the country. Other members may be added to the Council in the future.

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