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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 26, 2015
11:50 EDTOCNOcwen moves up after Inside Mortgage Finance discusses possible sale
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March 25, 2015
06:38 EDTOCNCiti puts high risk rating on Ocwen, cuts target to $9
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March 24, 2015
09:22 EDTOCNOn The Fly: Pre-market Movers
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07:19 EDTOCNOcwen to sell additional $25B portfolio to Nationstar
Ocwen Financial (OCN) announced that its subsidiary, Ocwen Loan Servicing and Nationstar Mortgage, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings (NSM) have agreed in principle to the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 142,000 loans owned by Freddie Mac (FMCC) and Fannie Mae (FNMA) with a total principal balance of approximately $25B. Subject to a definitive agreement, approvals by Freddie Mac, Fannie Mae and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close before mid-year.
07:17 EDTOCNOcwen to sell additional $25B portfolio to Nationstar
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March 23, 2015
20:02 EDTOCNOcwen receives notice of non-compliance with NYSE continued listings standards
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14:38 EDTOCNOcwen Financial volatility elevated
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07:43 EDTOCNOcwen issues rebuttal letter to trustees
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06:29 EDTOCNOcwen responds to investor allegations, WSJ says
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March 20, 2015
16:13 EDTOCND. John Devaney reports 6.37% passive stake in Ocwen
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07:25 EDTOCNOcwen enters into amendment to OMART advance financing facility
Ocwen said in a filing that on March 19, the company entered into an amendment to its OMART advance financing facility clarifying the appropriateness of adding back the $150M New York Department of Financial Services charge as an extraordinary item for certain covenant calculations.
March 18, 2015
11:44 EDTOCNOcwen reopens after announcing MSR deal with Walter Investment
Ocwen (OCN) shares are up fractionally shortly after reopening for trading.
11:37 EDTOCNWalter Investment jumps 7% after subsidiary agrees to buy MSRs from Ocwen
11:36 EDTOCNOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
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11:35 EDTOCNOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
11:30 EDTOCNOcwen trading halted, pending news
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09:27 EDTOCNHome Loan Servicing says requires additional time to file Form 10-K
Home Loan Servicing Solutions said in a filing that on March 3, the company filed a Form 12b-25 indicating that additional time to complete its Annual Report on Form 10-K for the year ended December 31, 2014 was necessary in order to complete the assessment of recent events related to the company’s business and determine the impact on the company’s financial statements and related disclosures. At that time, the company expected to file its Form 10-K within the 15 day extension period. The company requires additional time to prepare information related to its ability to operate as a going concern and to provide such information to the auditors for the purposes of their audit of the company's financial statements for the year ended December 31, 2014.
09:25 EDTOCNOcwen says continues to analyze HLSS' ability to continue to meet obligations
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07:44 EDTOCNJPMorgan to purchase $45B of mortage service rights from Ocwen, NY Post says
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March 17, 2015
13:10 EDTOCNJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
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