- Ocwen Financial (OCN -9.5%) sinks after WSJ reports New York financial services superintendent Ben Lawsky has halted indefinitely the $2.7B deal to purchase mortgage servicing rights from Wells Fargo (WFC +0.2%) due to concerns over Ocwen's ability to handle more loans.
- The deal, announced last month, would have given OCN the right to service ~$39B worth of loans.
- Other mortgages servicers are dropping too: NSM -3.9%, WAC -3.6%.
From other sites
at CNBC.com (Mar 2, 2015)
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 14, 2015)
Video at CNBC.com (Jan 13, 2015)
at CNBC.com (Jan 13, 2015)
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