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Report: Ocwen/Wells deal could soon get green light

Feb. 21, 2014 3:36 PM ETOcwen Financial Corporation (OCN) StockOCN, ASPS, DHCP, HLSS, NSM, RITMBy: Stephen Alpher, 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%).

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