Report: Ocwen/Wells deal could soon get green light

|About: Ocwen Financial Corporation (OCN)|By:, SA News Editor

NY Dept. of Financial Services chief Ben Lawsky earlier this month indefinitely halted a deal for Wells Fargo to sell $2.7B in MSRs to Ocwen (OCN +8.9%) - helping along a sizable selloff in the sector - but Inside Mortgage Finance is reporting the deal could be approved by late March.

Moving higher along with Ocwen: Nationstar (NSM +3.4%), New Residential (NRZ +0.9%), Walter Investment (WAC +3.2%), Altisource Portfolio Solutions (ASPS +6.9%), Home Loan Servicing (HLSS +5.5%).