Seeking Alpha

Interesting action in the mortgage servicers since the ResCap auction finds both the winners...

Interesting action in the mortgage servicers since the ResCap auction finds both the winners (OCN, WAC) and the losers (NSM, NCT) sharply higher since. Did Ocwen pay too much? Did Nationstar get squeezed out of a great opportunity? Apparently it doesn't matter. With capital requirements forcing banks out of the servicing business near the bottom, being a specialty servicer is a good place to be.
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I get the impression that MSEs are indeed a good place to be and that we will be seeing more articles about this opportunity in the near future.

     

    My NCT stock is up 23% and I haven't had it all that long.

     

    My divi is 12.7%.

     

    How long with this party last?
    31 Oct 2012, 11:56 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs