Seeking Alpha

Report: Ocwen/Wells deal could soon get green light

  • 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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