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Stock Market & Financial Investment News

News For WAC From The Last 14 Days
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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 11, 2014
12:50 EDTWACLawsky undecided on leaving NYDFS, Inside Mortgage Finance says
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08:30 EDTWACLawsky reports a positive for mortgage space, says FBR Capital
FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky’s plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial (OCN) has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage (NSM)) has also received a letter from the regulator. It also views the reports as a positive for Walter Investment (WAC), which it notes has avoided a targeted communication by Lawsky thus far. FBR thinks a softening of the regulatory environment could allow the big banks to start moving product again.
November 10, 2014
10:04 EDTWACOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded at Oppenheimer... American Eagle (AEO) downgraded to Neutral from Buy at B. Riley... BP (BP) downgraded to Neutral from Overweight at JPMorgan... Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... EP Energy (EPE) downgraded to Hold from Buy at Deutsche Bank... Eaton Vance (EV) downgraded at Sterne Agee... Ecopetrol (EC) downgraded to Underperform from Sector Perform at RBC Capital... General Mills (GIS) downgraded to Sector Perform from Outperform at RBC Capital... Genworth (GNW) downgraded to Market Perform from Outperform at Keefe Bruyette... MasTec (MTZ) downgraded to Hold from Buy at BB&T... Ocean Rig UDW (ORIG) downgraded to Neutral from Buy at Guggenheim... Performant Financial (PFMT) downgraded at Morgan Stanley... Petrobras (PBR) downgraded to Market Perform from Outperform at Cowen... R.R. Donnelley (RRD) downgraded to Hold from Buy at Benchmark Co.... Rex Energy (REXX) downgraded to Market Perform from Outperform at BMO Capital... Salix (SLXP) downgraded to Neutral from Buy at Mizuho... Siemens (SIEGY) downgraded to Neutral from Overweight at JPMorgan... Solazyme (SZYM) downgraded to Equal Weight from Overweight at Morgan Stanley... Stonegate Mortgage (SGM) downgraded to Market Perform at FBR Capital... Syngenta (SYT) downgraded to Neutral from Overweight at HSBC... ViaSat (VSAT) downgraded to Hold from Buy at Needham... Vistaprint (VPRT) downgraded to Neutral from Buy at SunTrust... Walter Investment (WAC) downgraded at Sterne Agee... WesBanco (WSBC) downgraded to Market Perform from Outperform at Keefe Bruyette... Whiting USA Trust II (WHZ) downgraded to Underperform at Raymond James... Wipro (WIT) downgraded to Sell from Buy at UBS... XOMA (XOMA) downgraded to Neutral from Buy at Ladenburg... Yanzhou Coal (YZC) downgraded to Sell from Hold at Deutsche Bank.
09:25 EDTWACWalter Investment downgraded at Sterne Agee
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05:54 EDTWACWalter Investment downgraded to Neutral from Buy at Sterne Agee
November 6, 2014
07:24 EDTWACWalter Investment expects improving economy to lower delinquency rates
The company said, "The current low rate environment is also conducive to our strategy to maximize our portfolio's retention opportunity. The market for prime MSR continues to be both strong and competitive as small and mid-sized originators look to monetize their MSR assets to offset light origination economics and demand from larger players and financial buyers has driven a tightening of asset yields. We continue to see an increase in the flow of competitively priced legacy deals in the market as large depository institutions and other clients focus on their core customer base and core competencies, driving their interest in the sale or outsourcing of non-core assets and related activities such as servicing. The broader mortgage market remains challenging as purchase money volumes continue to be subdued and the retail sector remains competitive. Active regulatory oversight of the sector continues and it is our expectation that in the current environment participants who have scale, are appropriately capitalized, are compliant with regulatory requirements, and have significant experience and a strong track record in transferring servicing assets will be best positioned to grow their business in the future."
07:23 EDTWACWalter Investment cuts FY14 EPS to $5.00 from $5.25-$6.25, consensus $5.37
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07:22 EDTWACWalter Investment reports Q3 adjusted EPS 96c, consensus $1.03
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