In a growing number of foreclosure cases, lenders may never be able to seize the homes because the state statutes of limitations have been exceeded.» Read More
March 24- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months. The portfolio being sold to Nationstar comprises about 142,000 performing loans owned by government-controlled mortgage finance firms Freddie Mac and Fannie...
March 24- Ocwen Financial Corp said it would sell an additional $25 billion of residential mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc..
March 18- Ocwen Financial Corp said it was selling residential mortgage servicing rights worth $9.6 billion to a subsidiary of Walter Investment Management Corp. Ocwen, which delayed filing its full-year results, also said it was reviewing the ability of its affiliate, Home Loan Servicing Solutions Ltd, to meet obligations to fund new servicing advances.
March 2- Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar...
NEW YORK, Nov 6- Walter Investment Corp, one of the largest U.S. companies that collect home loan payments, said on Thursday that several state regulatory agencies were investigating its business practices, and its shares fell by over 20 percent. The company had met with the working group during the second quarter to discuss "concerns about various loan servicing...
NEW YORK, Oct 21- Shares of Ocwen Financial Corp tumbled on Tuesday after New York's financial regulator said the company, one of the largest U.S. collectors of mortgage payments, may have harmed hundreds of thousands of borrowers by sending letters about loan modifications and foreclosures that were dated months earlier. The company, which has been under...
Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.
The hedge funder also says the government may be responsible for possible damages for faulty ignition switches because it was running GM.
Some of Wednesday's midday movers:
New York's financial regulator said the explosive growth of non-bank mortgage servicers is a "troubling trend" that must be confronted.
The bulls are piling into Fortress Investment as two big events loom on its calendar.
Fortress Investment pulled back yesterday, and the bulls piled in.
The "Fast Money" traders share their final trades of the day and what they're looking out for Wednesday.
IPOs have been hot in 2013. With 7 new IPOs all higher for the year, what's not to like, right?
New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
A study shows that as many as half of Americans are looking for alternatives to banks for their mortgages.
It’s not all about Greece and Europe – global slowdown worries are also clouding the situation for stocks.” – Remember that from yesterday morning? It’s clearly holding true again today.
Futures shaved most of their earlier losses Wednesday as investors waited for the outcome of a two-day meeting of the Fed on interest rate policy.
U.S. stocks have tumbled 15 percent from a 52-week high three months ago as investors moved out of riskier assets on signs the economy is slowing. Still, a diverse group of S&P 500 stocks have climbed as much as 84 percent this year, according to a report from TheStreet.
Stocks rebounded Thursday after a six-day selloff to close higher for the first time in June, after investors cheered the international trade report and following the Greek Cabinet's decision to support a new round of austerity measure for its debt-ridden nation.