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Stock Market & Financial Investment News

News Breaks
June 20, 2014
13:26 EDTWFC, OCNAnalysts see Ocwen, Wells deal halt to be lifted, Inside Mortgage Finance says
Wells Fargo's (WFC) deal to sell its $39B nonprime MSR servicing portfolio to Ocwen Financial (OCN) remains halted by New York's financial regulator, but stock analysts who recently met with Ocwen executives "came away with the impression that the deal 'moratorium' will be lifted" and one source close to Ocwen believes the matter “will come to a head shortly,” according to Inside Mortgage Finance. Reference Link
News For OCN;WFC From The Last 14 Days
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May 21, 2015
12:33 EDTWFCWells Fargo to add Financial Engines advice to platform, Reuters reports
Wells Fargo (WFC) plans to add Financial Engines' (FNGN) advice offering to the bank's retirement platform, according to Reuters, citing a Wells Fargo presentation. Shares of Financial Engines are up 7% following the report. Reference Link
12:30 EDTWFCWells Fargo to sign 401(k) pact with Financial Engines, Reuters reports
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May 20, 2015
13:13 EDTOCNLawsky to step down as head of NYDFS, Bloomberg reports
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08:21 EDTWFCATM data theft soars to highest rate in two decades, WSJ says
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May 18, 2015
12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
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12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
09:46 EDTWFCMPLX enters common unit sales agreement for up to $500M
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09:25 EDTOCNOn The Fly: Pre-market Movers
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08:09 EDTOCNOcwen in full compliance with NYSE continued listing requirements
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06:53 EDTOCNOcwen says in talks with lender for renenwal, replacement or extension of debt
In a regulatory filing, Ocwen stated: "We currently are in negotiations with our lenders for the renewal, replacement or extension of our debt arrangements that mature or begin amortization in 2015. We may also consider other capital markets transactions including, but not limited to, the sale and financing of advance receivables in the event we do not renew, replace or extend a portion or all of our existing advance financing facilities. We have entered into commitment letters to refinance certain of our debt agreements and extended certain facilities ahead of their scheduled maturity...Our lenders’ obligations to fund under these commitment letters are subject to conditions precedent, some of which are outside our control. In the event we are unable to renew, replace or extend all of these debt agreements, we may not have adequate sources of funding for our business. Due to the significant level of cash requirements related to servicing advances, we may not have sufficient levels of liquidity to fund the operations without our advance financing facilities. We typically require significantly more liquidity to meet our advance funding obligations than our available cash on hand."
May 15, 2015
16:32 EDTWFCBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
07:09 EDTOCNHayman Capital gives quarterly update on stakes
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May 14, 2015
09:31 EDTOCNJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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09:31 EDTOCNJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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06:51 EDTWFCWells Fargo looking to streamline operations, Charlotte Observer says
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May 12, 2015
16:49 EDTWFCWells Fargo to pay $77M in trust fund case, St. Louis Today says
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07:48 EDTWFCStandard & Poor's to hold a summit
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May 11, 2015
17:57 EDTOCNOcwen files 2014 10-K without 'going concern' qualification
Ocwen Financial Corporation announced that it has filed its 2014 Form 10-K with the SEC. "We believe the filing of our 2014 Form 10-K, without a qualification as to our ability to operate as a going concern, is additional evidence that our strategy to strengthen our compliance management system, strengthen the service we provide to our customers and improve our financial stability is working and that confidence in the company is being restored," stated Ocwen CEO Ron Faris.
08:18 EDTWFCBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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