Mortgage servicers cut at Wells Fargo


An analysis of cash flow combined with continued regulatory issues has Wells Fargo cutting the nonbank mortgage servicers to Underweight from Market Weight, and Nationstar Mortgage (NYSE:NSM) and Walter Investment (NYSE:WAC) cut to Underperform from Market perform.

The team, however, keeps its Buy ratings on Home Loan Servicing (NASDAQ:HLSS) and PennyMac Financial (NYSE:PFSI).

NSM -1.5% premarket

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Comments (1)
  • BigOlDave
    , contributor
    Comments (421) | Send Message
     
    As I said in an earlier post, I own (NASDAQ:HLSS). It's yield is 8%+ compared to (NYSE:PFSI) at 0.00% Plus, though having underperformed from a stock price appreciation standpoint, (HLSS) has done 20% better than (PFSI).

     

    Dave
    16 Jul 2014, 02:53 PM Reply Like
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