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Ocwen Financial Corp

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  • Midday movers: Container Store, Chevron & more Friday, 1 Nov 2013 | 1:08 PM ET

    Friday's midday movers:

  • ‘Correction Not Over’ in Stock Market: Pro Wednesday, 26 Jun 2013 | 6:08 PM ET

    While stocks closed higher, the correction isn't over, Josh Brown of Fusion Analytics says.

  • Paperwork Chaos Hitting Mortgage Bond Investors Friday, 21 Jun 2013 | 7:17 AM ET
    Foreclosure prevention counseling fair

    Banks have been accused of foreclosing on homeowners because they failed to maintain mortgage paperwork. Now there are signs the same problem hurts mortgage bond investors too.

  • Real Mortgage Relief, but Likely With a Catch Friday, 3 May 2013 | 2:49 PM ET
    Foreclosure prevention counseling fair

    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.

  • What Is Ocwen Financial?     Wednesday, 6 Feb 2013 | 2:40 PM ET

    Ocwen Financial is a servicer of high-risk mortgages. Henry Coffey, Sterne Agee senior research analyst, explains why he believes in this stock.

  • Housing Crisis: New Rules Hit Mortgage Servicers Thursday, 17 Jan 2013 | 6:01 AM ET

    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.

  • Midday Movers: AAPL, MMR & More Wednesday, 5 Dec 2012 | 12:33 PM ET

    Take a look at some of Wednesday's midday movers:

  • Ally posts $384M 3Q profit on absence of charges Friday, 2 Nov 2012 | 11:57 AM ET

    NEW YORK-- Government-controlled lender Ally Financial Inc. said Friday that it posted third-quarter net income of $384 million, reversing a loss in the same quarter last year, helped by the absence of losses related to its former mortgage business.

  • Oct 26- Ally Financial Inc's banking subsidiary said on Friday that it was looking to sell most of its remaining mortgage business, the company's latest step toward exiting the home loan business to focus on its U.S. auto lending and banking operations.

  • Ally Bank looks to move away from mortgages Friday, 26 Oct 2012 | 11:19 AM ET

    MIDVALE, Utah-- Ally Bank, wanting to focus on auto lending and consumer deposits, is trying to take another step away from the mortgage industry.

  • *$3 billion bid tops offer from Nationstar Mortgage Holdings. Oct 24- Ocwen Financial Corp and Walter Investment Management Corp on Wednesday prevailed in a bankruptcy auction for Residential Capital LLC's mortgage business with a $3 billion bid that topped rival Nationstar Mortgage Holdings Inc..

  • Ally mortgage servicing unit OKs $3B buyout offer Wednesday, 24 Oct 2012 | 3:15 PM ET

    NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..

  • *Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.

  • Consumer-debt bond volume expected to taper off Friday, 12 Oct 2012 | 2:58 PM ET

    By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.

  • RESEARCH ALERT-KBW cuts Ocwen Financial to market perform Wednesday, 10 Oct 2012 | 1:59 AM ET

    Oct 10- Ocwen Financial Corp:. *KBW cuts Ocwen Financial to market perform on valuation. Reuters Station users, click. 1568.

  • Fitch puts Ocwen on review for downgrade Monday, 8 Oct 2012 | 4:34 PM ET

    NEW YORK-- Fitch Ratings has put Ocwen Financial Corp. on watch for a possible downgrade after the company announced plans to buy Homeward Residential Holdings Inc.. Ocwen is paying $588 million in cash and $162 million in convertible preferred stock for Homeward. Shares of Atlanta- based Ocwen fell 47 cents, or 1.3 percent, to close at $36.28 Monday.

  • Oct 08- Fitch Ratings today placed Ocwen Financial Corporation's' B+' long-term Issuer Default Rating on Rating Watch Negative, following the company's announcement on Oct. 3, 2012 that it has entered into an agreement with private equity firm WL Ross& Co. LLC to acquire Homeward Residential Holdings, Inc. and its various mortgage loan servicing and origination operating subsidiaries.

  • The S&P 500 rose for a fourth session after a report suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. The Nasdaq Composite Index gained 6.10 points, or 0.19 percent, to 3,141.40. **COLLABRX INC, $6.80, up 79.4 pct.

  • U.S. stocks rose for a fourth session on Thursday following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis and in support of the euro. **COLLABRX INC, $6.9, up 83.3 pct.

  • Ocwen to buy Homeward Residential for $750 million Wednesday, 3 Oct 2012 | 6:27 PM ET

    ATLANTA-- Loan servicing company Ocwen Financial Corp. said Wednesday that it is buying Homeward Residential Holdings Inc. in a $750 million deal. Ocwen is buying the loan servicing company from private equity firm WL Ross& Co. LLC for $588 million in cash and $162 in Ocwen convertible preferred stock.