Potential profit taking from the recent run up. With today's big market drop some might be locking in some profit. Good buying opportunity if you ask me.
I'll see you around though cl, I notice you on other boards I frequent and invest in. Hey, take a look at ARI and give me your opinion. Just had a secondary today, 10 million shares at above b/v and increased their divvy to .44 from .40, their first increase in almost 5 years, yielding almost 10.5% going forward. Thanks
Looking like a 12th straight day without a drop in shareprice. When was that last time THAT happened??? LOL
Now why did I reference that. My bad. Sorry
Well, we KNOW a FIG operation is the buyer, so it's either NRZ, NSM or a combo of them. See press release below
Winners and losers as Ocwen Financial shrinks
Mar 3 2015, 08:05 ET | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip
Altisource Portfolio Solutions' (NASDAQ:ASPS) contract is with Ocwen (NYSE:OCN), not with the servicing, writes the Sterne team, and it thus loses every time Ocwen shrinks or sells assets.The winners? Those would be the asset buyers: New Residential (NYSE:NRZ) and PennyMac Mortgage (NYSE:PMT).The analysts write their note the morning after Ocwen Financial announced more MSR sales, and the hiring of advisors to explore strategic options. The team is suspending Ocwen EPS estimates for 2015 and 2016 "since we have no idea what the new Ocwen will look like." Sterne's best estimate of tangible book value is about $10 per share
March 2 (Reuters) - Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of agency loans to an undisclosed buyer.
Ocwen said on Monday it expected the transaction to close by mid-2015, subject to approvals by Fannie Mae and the U.S. Federal Housing Finance Agency (FHFA).
re: NYMT has been outstanding with a stellar earnings report just released. Possible special divvy or perhaps a small divvy raise soon. ORC has a big red management flag. Check management's history, especially with regards to Bimini Capital fiasco. PSEC just cut their dividend from .11 to .083 per month and that should be stable for this year, again with perhaps a special paid out later on. New lower divvy seems to be easily maintained by their earnings. jmho
From an original 13k shares of NCT I'm also sitting with a negligible position in NCT as I've sold off most of my holding in various IRA accounts. NRZ is the crown jewel right now. NCT discussed, a couple of quarters ago merging their golf properties and FIG's ski properties into a "sports" REIT. Who knows right now, but with my minuscule position in NCT I'll probably exit it this quarter. I'd agree that we've probably squeezed most of the value out of NCT already.
According to the CC call, the OCN issue just may be a big positive for them with large purchases of new MSRs. Time will tell.
Predicting shareprice is a fools game. Just look at the garbage bababara posts. It will get there when it does, probably sooner than later. LOL GLTU
went well and very positive. With NRZ's 400 billion $ portfolio in MSR's makes the NSM/NRZ/OCN the #1 in the industry by far. Big things going to happen. Congrats to all the long holders here. Paid to buy NCT at .41 many years ago. Gonna retire on this one. Too bad bababara only bashed this stock and never owned it. Now he can be laughed at in his own words BWAAAAHAHHAHAHAHAHAHHAHAHHAHA
NRZ continued up a bit in after hours with final trade at $15, but only 200 shares out of 5400 traded. Almost like someone knows a good report is coming tomorrow. GLTA.