The company posted results with a shockingly good quarter for earnings.
Walter Investments (WAC) is in the business of mortgage servicing, or dealing with mortgages the traditional banks don’t have the time or inclination to handle. It’s a lucrative
On Feb 27 the Federal Trade Commission revealed they are investigating mortgage servicer Walter Investment (WAC) , alleging that the company violated “various consumer finance laws.”
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Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.
| Website: | www.ocwen.com |
| Email: | investorservices@ocwen.com |
| Main Phone: | +1 561 682-8000 |
| Address: | 1661 Worthington Road |
| Address 2: | Suite 100 |
| State: | FL |
| City / Town: | West Palm Beach |
| Country: | US |
| Postal Code: | 33409 |
| Exchange: | NYE |
| CEO: | Glen A. Messina |
| Employees: | 5000 |
| NAICS: | Mortgage and Nonmortgage Loan Brokers(522310) |
The company posted results with a shockingly good quarter for earnings.
Walter Investments (WAC) is in the business of mortgage servicing, or dealing with mortgages the traditional banks don’t have the time or inclination to handle. It’s a lucrative
On Feb 27 the Federal Trade Commission revealed they are investigating mortgage servicer Walter Investment (WAC) , alleging that the company violated “various consumer finance laws.”
Southeastern US financial institution Ocwen Financial Corporation (OCN) rebounded sharply in early Feb 7 market action, correcting a sizable loss incurred by the company the day prior. The Feb 6
Friday trading closed with stocks accelerating the pace of the previous day’s rally, after the US Department of Labor dropped its heavily anticipated January jobs report indicating that
Hello Tom, Quote worth Quoting Again One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can
ADP reported that private sector jobs rose by 162,000 in September. Non-manufacturing ISM came in stronger than expected at 55.1 in September. The employment component fell to 51.1 from 53.8. The
The Dow Jones Industrial Average traded above its 200-day simple moving average at 11,939 on Friday, as the 50-day remains a support at 11,809. The close was below its 200-day. The NASDAQ
Initial Jobless Claims came in at 409,000 well above the 350,000 recessionary threshold. Nonfarm productivity declined 0.7% in the second quarter, the steepest decline since Q4 2008. Unit labor
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