How Bad is the Situation at Ocwen Financial Corp (NYSE:OCN)?

Ocwen Financial Corp (NYSE:OCN) is considering to overturn contracts, which include servicing rights to $90 billion worth mortgages. This is just one of the many cuts that the company is making to its portfolio, after running into a few bad situations. The company has come under fire from the New York department of financial services, […]

Ocwen Financial Corp (NYSE:OCN) Reports A Loss Of$598.4 Million

Ocwen Financial Corp (NYSE:OCN) reported a preliminary loss of $598.4 million in 4Q2014. The firm, however, expects to return to profitability in 2015. The company has delayed filing its annual report and, therefore, faces a threat of getting delisted at the NYSE. Ocwen said that the results might change as they are preliminary. The company […]

Stocks On The Spotlight: Sunedison Inc (NYSE:SUNE), Ocwen Financial Corp (NYSE:OCN), Merck & Co., Inc. (NYSE:MRK)

Boston, MA 02/24/2014 (wallstreetpr) – Sunedison Inc (NYSE:SUNE) was among the winners of clean energy permits in India. The company was alongside Azure Power India awarded 100 megawatts capacity each in the first national solar permits auction since 2012. The strategy that helped SUNE and other winners was that they placed the lowest bids. The […]

Ocwen Financial Corp (NYSE:OCN) Surrenders To Regulatory Concerns, Puts MSR On Hold

Boston, MA 02/07/2014 (wallstreetpr) – Ocwen Financial Corp (NYSE:OCN) cannot continue with the planned deal with the mortgage major Wells Fargo & Co (NYSE:WFC). The company has announced that it is putting an indefinite hold on its planned acquisition of some 184,000 mortgage servicing rights, otherwise known as MSR, from Wells Fargo. This move reveals […]

Wells Fargo & Co. (NYSE:WFC) Key Official Resigns; Firm Sees Heavy Insider Trading By CFO

Boston, MA 02/04/2014 (wallstreetpr) – Howard V. Richardson, Chairman of the board’s audit and examination committee of American multinational banking and financial services giant Wells Fargo & Co. (NYSE:WFC) resigned from the conglomerate recently, presumed to be due to health concerns. While Wells Fargo‚Äôs (WFC) board did not reveal details of his health concerns, merely […]