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Ocwen Financial Corp. Message Board

  • citiccgirl citiccgirl Jul 5, 2013 11:12 AM Flag

    OCN is a pure play on Rising interest rates Karen Finnerman transcript fro Fast Money..OCN creating this income stream that's very powerful

    Karen Finnerman..OCN What they do is they service the loans that aren't clean where there's some issue, they're in foreclosure, something going on. so they are just acquiring rights from everyone and they're just creating this income stream that's very powerful. Josh Brown said, i would add i think Karen's right on the money with those plays. i know a lot of people sniffing around them.

    Mortgage servicing rights, which are the income stream you get when you service a mortgage. you get a tiny piece of that income stream. and if rates rise, prepayment risk goes down. that income stream is more valuable. We were looking for what's a pure play on rising interest rates

    She is also buying NRZ....they do the same thing

    Sentiment: Strong Buy

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