Ocwen isn't going anywhere. Who would service all the questionable loans the 2big2fail banks ? Ocwen is their whipping boy. Nobody read The Big Short ??
Ocwen lied again, investors cried again. Ocwen, bringing lies to everyone since at least 1999!
Ocwen Admits Disclosure Failures, Vows to Fight On. Google it.
I'l take up 1-1.5% a day forever please.
*BZ: 13G Shows Leon Cooperman Takes 6.8% Stake In Ocwen
Up 3.5% after hour?
I actually own 10,000 shares of this stock and I'm loving this drop right. I'm sitting at loss, but once this baby drops to about $2 i'm going to but more baby. Hold for 366 days and sell huge!!!!
May be some insider trading. Someone buying a million shares must know something!!!
Very difficult to see OCN not making a big run north. I started receiving notifications from awesomestoc-ks the other week and so far they have presented interesting new trade ideas.
How y'all doin'?
Shorts trying to hold it down.
How y'all doin'? Eh ... EH ???
"Ocwen said the new deal would convert New Residential's existing rights to mortgage service rights (MSRs) to fully-owned MSRs." In other words, Ocwen sold its MSR to NRZ. So NRZ becomes a direct competitor with more money in its bank. Am I correct?
glad i only sold half
From Street Insider: "Keefe, Bruyette & Woods analyst Bose George said he expects a generally positive impact in New Residential Investment (NYSE: NRZ) following its Q1 beat and comments related to its $425 million deal to purchase MSRs from Ocwen (NYSE: OCN).
"New Residential announced that it would pay Ocwen $425 million to purchase MSRs (on which NRZ currently Owns the excess servicing) from Ocwen. This would strengthen Ocwen and also given NRZ more control of the MSRs in case of a problem at Ocwen." In other words, Ocwen will be in direct competition with NRZ, and with $425 million from the sales of MSRs to NRZ, Ocwen's financial problems are temporarily delayed.