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Stock Market & Financial Investment News

News Breaks
February 12, 2014
06:16 EDTOCNOcwen shares attractive at current levels, says Piper Jaffray
After the Financial Times reported yesterday that two large investors were considering legal action against Ocwen Financial, Piper Jaffray says it believes the company acts in the best interest of the securitization trust rather than the individual mortgage investor. Piper views Ocwen shares as attractive at current levels and keeps an Overweight rating on the stock with a $65 price target.
News For OCN From The Last 14 Days
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March 2, 2015
08:22 EDTOCNAltisource Residential reports Q4 EPS 72c, consensus 61c
Altisource Residential (RESI) reports Q4 revenue $122.2M, consensus $97.88M. CEO Ashish Pandey commented, "During 2014, we demonstrated continued success executing our nonperforming loan and single family rental strategies. Despite the negative headlines surrounding our primary mortgage servicer Ocwen (OCN), our performance has remained strong. We continue to make progress building our portfolio of single family rental homes and resolving NPLs at attractive returns. The strength of our business strategy was further reinforced by our continued ability to access debt capital on favorable terms during the fourth quarter, as we executed our second NPL securitization transaction, amended our repurchase facilities on favorable terms and sold senior bonds retained from our November 2014 securitization in February of 2015."
05:56 EDTOCNStocks with implied volatility movement; NBG OCN
Stocks with implied volatility movement; National Bank of Greece (NBG) 179, Ocwen (OCN) 116 according to iVolatility.
February 27, 2015
13:00 EDTOCNOcwen says financial impact of transfers immaterial
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09:58 EDTOCNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 500.com (WBAI) downgraded to Hold from Buy at Deutsche Bank... Akorn (AKRX) downgraded to Hold after share rally at Needham... Allscripts (MDRX) downgraded to Market Perform from Outperform at Leerink... Bank of America (BAC) downgraded to Neutral from Buy at UBS... Bill Barrett (BBG) downgraded to Hold from Buy at KLR Group... CA Technologies (CA) downgraded to Underperform from Neutral at Credit Suisse... CBOE Holdings (CBOE) downgraded at BofA/Merrill... CONE Midstream (CNNX) downgraded to Sector Perform from Outperform at RBC Capital... Calamos (CLMS) downgraded to Underperform from Neutral at Credit Suisse... Crane (CR) downgraded to Market Perform from Outperform at FBR Capital... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Barclays... EnerNOC (ENOC) downgraded to Buy from Strong Buy at Needham... Hercules Offshore (HERO) downgraded to Sell from Buy at Deutsche Bank... Insulet (PODD) downgraded at Oppenheimer... Intelsat (I) downgraded to Underperform from Neutral at Credit Suisse... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at Northland... Mavenir Systems (MVNR) downgraded to Equal Weight from Overweight at Morgan Stanley... Memorial Production (MEMP) downgraded to Underperform from Perform at Oppenheimer... Mobileye (MBLY) downgraded to Neutral from Buy at Dougherty... NTELOS (NTLS) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen (OCN) downgraded to Sell from Neutral at Compass Point... Pegasystems (PEGA) downgraded to Neutral from Buy at Merriman... Performant Financial (PFMT) downgraded to Neutral from Buy at Compass Point... Pharmacyclics (PCYC) downgraded to Neutral from Buy at Goldman... Potbelly (PBPB) downgraded to Underweight from Overweight at Piper Jaffray... SYNNEX (SNX) downgraded to Hold from Buy at Stifel... Safe Bulkers (SB) downgraded at Credit Suisse... Sarepta (SRPT) downgraded to Market Perform from Outperform at Cowen... Seadrill Partners (SDLP) downgraded to Sector Perform from Outperform at RBC Capital... Spirit Realty (SRC) downgraded at RBC Capital... Transocean (RIG) downgraded to Sector Perform from Outperform at Iberia... UIL Holdings (UIL) downgraded to Neutral from Outperform at RW Baird... WCI Communities (WCIC) downgraded to Neutral from Buy at Citigroup... Walter Investment (WAC) downgraded to Neutral from Outperform at Credit Suisse.
09:24 EDTOCNOn The Fly: Pre-market Movers
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08:01 EDTOCNWells Fargo fires Ocwen as bond overseer, hires Credit Suisse, Bloomberg says
Wells Fargo (WFC) has issued notices to Ocwen (OCN) terminating it as overseer of debt backing for two bond deals, reports Bloomberg, citing letters sent from Wells Fargo to bondholders. Wells Fargo stated in notices sent to bondholders that a majority of investors felt the move was correct. Wells Fargo plans to transfer responsibility to Credit Suisse (CS). Reference Link
07:48 EDTOCNOcwen downgraded to Sell from Neutral at Compass Point
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February 23, 2015
11:43 EDTOCNOcwen volatile after MSR sale, New Residential deal for Home Loan Servicing
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11:24 EDTOCNOcwen resumes trading, shares now up 17c to $9.77
11:22 EDTOCNOcwen halted for volatility after bounce off lows
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09:25 EDTOCNOn The Fly: Pre-market Movers
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08:06 EDTOCNOcwen up 6.8% following sale of mortgage servicing rights to Nationstar
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07:47 EDTOCNOcwen to sell $9.8B portfolio of mortgage servicing rights to Nationstar
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February 18, 2015
09:16 EDTOCNOcwen comments on Home Loan Servicing agreement with HSART Trust
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