Seeking Alpha

Report of Ocwen/Wells deal green light denied

  • "That report is completely and utterly false," reports CNBC, citing a source close to the matter. The deal continues to be on "indefinite hold," says Bloomberg First Word, and Ocwen (OCN +5%) is working closely with NY regulators to resolve their concerns.
  • Minutes ago: Nonbank servicers surge on report of Ocwen's MSR purchase from Wells nearing regulatory approval. The group is off its highs, but remains in the green. Nationstar (NSM +1.8%), New Residential (NRZ +1%), Walter Investment (WAC +4.1%), Altisource Portfolio (ASPS +6.3%), Home Loan Servicing (HLSS +3.6%)
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