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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:14 EDTWAC, FMCC, NSM, FNMA, OCNOIG recommends FHFA actions on nonbank mortgage servicers
The Office of Inspector General issued a report on actions the Federal Housing Finance Agency can take to manage risks from nonbank mortgage servicers such as Ocwen Financial (OCN), Nationstar (NSM) and Walter Investment (WC). The OIG concluded that "while FHFA and the Enterprises have responded well to specific problems at nonbank special servicers, the Agency has not established a risk management process or overall oversight framework to handle some general risks posed by nonbank special servicers." It added, the nonbank special servicers do not have the same capital requirements as a bank, which means they are more susceptible to economic downturns. Such downturns could substantially increase nonperforming loans that require servicer loss mitigation while at the same time impact the ability of the servicer to perform." Reference Link
News For OCN;NSM;WAC;FNMA;FMCC From The Last 14 Days
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November 21, 2014
09:16 EDTNSMNationstar unit acquires Title365 for $36M in cash, additional consideration
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November 18, 2014
07:52 EDTWACWalter Investment downgraded at Evercore ISI
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06:22 EDTWACWalter Investment downgraded to Hold from Buy at Evercore ISI
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November 14, 2014
16:52 EDTNSMGreenlight Capital gives quarterly update on stakes
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12:53 EDTOCNOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
07:32 EDTNSMHayman Capital gives quarterly update on stakes
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November 13, 2014
17:35 EDTOCNOcwen unit signs mutual termination agreement with Wells Fargo
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November 12, 2014
09:36 EDTNSMInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
07:28 EDTNSMBofA/Merrill to hold a conference
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