News Breaks |
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| November 21, 2012 |
| 10:43 EDT |  | OCN, WAC | Ocwen, Walter get bankruptcy court approval for purchase of ResCap businesses
Ocwen Loan Servicing, the mortgage servicing arm of Ocwen Financial (OCN), and its joint bidding partner Walter Investment Management (WAC), received approval from the U.S. Bankruptcy Court for the Southern District of New York to complete their purchase of the mortgage servicing and origination businesses from Residential Capital and certain of its affiliates pursuant to the previously announced Asset Purchase Agreement dated November 2. The sale to Ocwen and Walter for a purchase price of approximately $3B was recommended to the court by ResCap's board and management and supported by the unsecured creditors' committee. The transaction is expected to close in the first quarter of 2013. |
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News For OCN;WAC From The Last 14 Days Check below for free stories on OCN;WAC the last two weeks. |
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| May 9, 2013 |
| 12:13 EDT | | OCN | Leon Cooperman names Ocwen Financial as stock pick on CNBC
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| 09:19 EDT | | WAC | On The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference. |
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| 07:55 EDT |  | OCN | Ocwen Financial files automatic convertible preferred shelf for up to $162M
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| 06:33 EDT |  | WAC | Walter Investment sees FY13 core EPS about $5.06, consensus $4.65
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| 06:32 EDT | | WAC | Walter Investment reports Q1 EPS 73c, consensus 47c
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| May 8, 2013 |
| 15:22 EDT | | OCN | Ocwen Financial shares up 2.4% after Eisman discusses company at Sohn
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| 15:21 EDT | | OCN | Eisman says Ocwen Financial "most levered way" to play housing at Sohn
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| May 7, 2013 |
| 10:00 EDT |  | WAC | On The Fly: Analyst Initiation Summary
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| 05:38 EDT | | WAC | Walter Investment initiated with a Market Perform at Wells Fargo
Price target range $29-$35. |
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| 05:37 EDT | | OCN | Ocwen Financial initiated with an Outperform at Wells Fargo
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