Ocwen Financial Corp
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Homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached, reports TheStreet.com.
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NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Dole Food Co. rose 21.5 percent to $12.39. Gamestop Corp. rose 8.4 percent to $37.92.
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June 10- When Nationstar Mortgage Holdings Inc tried to buy the rights to collect payments on $122 billion of mortgage loans earlier this year, housing finance giants Fannie Mae and Freddie Mac were not happy. Fannie and Freddie shared their concerns with Nationstar and the seller of the mortgages, lender Ally Financial, the sources said.
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March 12- The banking unit of Ally Financial, the bailed-out auto lender that is 74 percent- owned by the U.S. government, is selling the majority of its mortgage servicing rights portfolio to Ocwen Financial Corp for $585 million, Ally said on Tuesday.
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NEW YORK, March 12- Ally Bank, the banking subsidiary of Ally Financial, is selling the majority of its mortgage servicing rights portfolio to Ocwen Financial Corp for $585 million, the bank said on Tuesday. Under the deal, Ocwen will have the right to collect payments on $90 billion of loans, the bank said.
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Feb 19- Gleacher& Co, which lost $78 million last year, gave its chief executive officer a cash bonus of $750,000 for his 2012 performance, the New York investment bank said in a U.S. regulatory filing.
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Feb 15- Investment bank Gleacher& Co Inc gave up its search for a buyer or fresh capital and reported its fourth quarterly loss in a row, sending its shares sliding nearly 30 percent.
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Feb 15- Shares of Gleacher& Co Inc lost more than a quarter of their value after the investment bank ended its search for a potential capital infusion or a buyer and agreed to sell its mortgage lending unit ClearPoint to Ocwen Financial Corp..
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Feb 15- Investment bank Gleacher& Co Inc said it agreed to sell its mortgage lending unit ClearPoint to Ocwen Financial Corp and ended its search for a potential capital infusion or a buyer. He created the mergers and acquisitions department at Lehman Brothers in 1978 and ran global M&A at Morgan Stanley from 1985 to 1990..
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*Ally posts $1.4 bln qtrly profit vs $206 mln year-ago loss. Feb 5- Ally Financial Inc, the U.S. auto lender that is majority-owned by the U.S. government, is working to repay $5.9 billion in preferred stock owned by the U.S.
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NEW YORK, Jan 8- Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation.
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NEW YORK, Jan 8- Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation.
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