http://www.advfn.com/nyse/rss.asp?symbol=OCN Ocwen Company Newsfeed en Mon, 29 Apr 2013 14:45:32 EDT Mon, 29 Apr 2013 14:45:32 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=57364594&headline=more-than-220-000-goldman-morgan-stanley-borrowers-to-get-foreclosure-abuse http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=57364594&headline=more-than-220-000-goldman-morgan-stanley-borrowers-to-get-foreclosure-abuse <div class='newsbody'><pre> By Alan Zibel </pre> <p> WASHINGTON--More than 220,000 U.S. home-loan borrowers whose mortgages were controlled by Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) will receive checks compensating them for potential foreclosure abuses starting this week. </p> <p> The... Mon, 29 Apr 2013 14:45:32 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=57016705&headline=ocwen-executive-chairman-received-19-6-million-in-2012-pay http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=57016705&headline=ocwen-executive-chairman-received-19-6-million-in-2012-pay <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Ocwen Financial Corp. (OCN) awarded Executive Chairman William Erbey $17.9 million in stock options last year, increasing his annual compensation by more than 900%. </p> <p> The options comprised the bulk of Mr. Erbey's $19.6 million pay package... Wed, 03 Apr 2013 15:56:12 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56882758&headline=quicken-to-buy-34-billion-servicing-portfolio-from-ally http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56882758&headline=quicken-to-buy-34-billion-servicing-portfolio-from-ally <div class='newsbody'><p> Quicken Loans Inc., the online home lender, is buying a $34 billion mortgage-servicing portfolio from government-owned Ally Financial Inc. for about $280 million. </p> <p> Ally, which is 74% owned by the U.S. government, said Thursday that the deal represents its final chunk... Thu, 21 Mar 2013 10:40:05 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56882663&headline=quicken-loans-to-buy-34-billion-servicing-portfolio-from-ally http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56882663&headline=quicken-loans-to-buy-34-billion-servicing-portfolio-from-ally <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Quicken Loans Inc., the online home lender, is buying a $34 billion mortgage-servicing portfolio from government-owned Ally Financial Inc. for about $280 million. </p> <p> Ally, which is 74% owned by the U.S. government, said Thursday that the... Thu, 21 Mar 2013 09:39:25 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56686708&headline=ally-to-sell-mortgage-servicing-portfolio-to-ocwen-for-585-million http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56686708&headline=ally-to-sell-mortgage-servicing-portfolio-to-ocwen-for-585-million <div class='newsbody'><p> Ally Financial Inc., the government-owned auto lender, said Tuesday its bank reached a deal to sell a portfolio of mortgage-servicing rights to Ocwen Financial Corp. (OCN) for an estimated $585 million. </p> <p> The transaction includes the rights to service about $90 billion... Tue, 12 Mar 2013 09:45:18 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56578475&headline=judge-says-rescap-can-keep-control-of-case-approves-restructuring http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56578475&headline=judge-says-rescap-can-keep-control-of-case-approves-restructuring <div class='newsbody'><pre> By Joseph Checkler </pre> <p> NEW YORK--A judge on Tuesday gave Residential Capital LLC 60 days from now to file a restructuring plan without having to worry about rival proposals, as the company seeks to settle the complex issues surrounding its bankruptcy case. </p> <p>... Tue, 05 Mar 2013 12:48:35 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56553689&headline=u-s-hot-stock-futures-hot-stocks-to-watch http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56553689&headline=u-s-hot-stock-futures-hot-stocks-to-watch <div class='newsbody'><p> Among the companies with shares expected to trade actively in Monday's session are Ferro Corp. (FOE) and Aurizon Mines Ltd. (AZK, ARZ.T). </p> <p> A. Schulman Inc. (SHLM) made public its offer to buy Ferro for about $563 million in cash and stock, showing the specialty-chemicals... Mon, 04 Mar 2013 09:14:16 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56547556&headline=justice-department-investigating-ocwens-homeward-residential http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56547556&headline=justice-department-investigating-ocwens-homeward-residential <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> The U.S. Justice Department is investigating a subsidiary of mortgage servicer Ocwen Financial Corp. (OCN) in connection with its participation in a mortgage-modification program. </p> <p> Ocwen said in a regulatory filing Friday that the Justice... Fri, 01 Mar 2013 19:39:24 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56350499&headline=ally-bank-to-sell-correspondent-lending-business-to-walter-investment http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56350499&headline=ally-bank-to-sell-correspondent-lending-business-to-walter-investment <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Ally Financial Inc. said Monday it reached a deal to sell its bank's business-lending operations to Walter Investment Management Corp. (WAC) as it continues to shed noncore assets. </p> <p> The unit being sold purchases home loans originated... Mon, 18 Feb 2013 14:09:46 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56308637&headline=allys-mortgage-units-exceed-consumer-relief-obligations-under http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56308637&headline=allys-mortgage-units-exceed-consumer-relief-obligations-under <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Ally Financial Inc.'s mortgage units have met their obligations to provide borrower relief under a national settlement reached last year with the country's largest mortgage servicers over improper foreclosure practices. </p> <p> Joseph Smith... Thu, 14 Feb 2013 16:15:16 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56114053&headline=creditors-fight-8-7-billion-rescap-mortgage-securities-settlement http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56114053&headline=creditors-fight-8-7-billion-rescap-mortgage-securities-settlement <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Creditors of Residential Capital LLC are fighting a $8.7 billion settlement that the home lender struck with mortgage securities investors as part of its bankruptcy proceedings. </p> <p> Bond insurers, including MBIA Inc. (MBI), Assured Guaranty... Fri, 01 Feb 2013 19:02:15 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56089067&headline=ocwen-competing-for-ally-banks-mortgage-servicing-portfolio http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=56089067&headline=ocwen-competing-for-ally-banks-mortgage-servicing-portfolio <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Ocwen Financial Corp. (OCN) and another company are competing for a $122 billion mortgage-servicing portfolio being sold by Ally Financial Inc.'s bank, a person familiar with the matter said Thursday. </p> <p> Ocwen and the other company are... Thu, 31 Jan 2013 13:36:38 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55874263&headline=goldman-morgan-stanley-agree-to-foreclosure-settlement http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55874263&headline=goldman-morgan-stanley-agree-to-foreclosure-settlement <div class='newsbody'><p> WASHINGTON--Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) reached a $557 million settlement with the Federal Reserve over alleged abuses in foreclosure practices. </p> <p> The agreement, disclosed Wednesday by the Fed, follows by about a week an $8.5 billion deal with... Wed, 16 Jan 2013 13:30:13 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55870584&headline=goldman-settles-with-fed-over-foreclosures-sets-aside-260-million http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55870584&headline=goldman-settles-with-fed-over-foreclosures-sets-aside-260-million <div class='newsbody'><pre> By Liz Moyer </pre> <p> Goldman Sachs Group Inc. (GS) has settled with the Federal Reserve over claims of botched foreclosures, disclosing with fourth-quarter earnings that it set aside $260 million in provisions for litigation and regulatory proceedings, in part to cover... Wed, 16 Jan 2013 10:22:13 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55835789&headline=u-s-trustee-balks-at-rescaps-ordinary-course-bonus-plan http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55835789&headline=u-s-trustee-balks-at-rescaps-ordinary-course-bonus-plan <div class='newsbody'><pre> By Joseph Checkler </pre> <p> The Justice Department's bankruptcy monitor is trying to stop Residential Capital LLC from paying out more than $33 million in normal annual bonuses to more than 75% of its employees. </p> <p> In a filing made last Thursday with U.S. Bankruptcy... Mon, 14 Jan 2013 14:35:08 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55735059&headline=lenders-mortgage-pains-still-a-boon-for-nonbank-servicers http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55735059&headline=lenders-mortgage-pains-still-a-boon-for-nonbank-servicers <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Big banks' mortgage pains are continuing to provide healthy gains for a group of emerging firms targeting the business of collecting payments and reworking loans for homeowners. </p> <p> Shares of Nationstar Mortgage Holdings Inc. (NSM) and... Mon, 07 Jan 2013 15:53:37 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55712095&headline=bofa-in-talks-to-sell-some-mortgage-servicing-rights-reuters http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55712095&headline=bofa-in-talks-to-sell-some-mortgage-servicing-rights-reuters <div class='newsbody'><p> Bank of America Corp. (BAC) is in talks to sell servicing rights on about $300 billion in mortgages, Reuters reported Friday, citing two people familiar with the situation. </p> <p> Ocwen Financial Corp. (OCN), Nationstar Mortgage Holdings Inc. (NSM) and Walter Investment Management... Fri, 04 Jan 2013 16:56:18 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55687157&headline=rescap-seeks-court-approval-to-sell-fha-backed-loans http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55687157&headline=rescap-seeks-court-approval-to-sell-fha-backed-loans <div class='newsbody'><pre> By Joseph Checkler </pre> <p> Residential Capital LLC is seeking court permission to sell about $130 million in loans insured by the Federal Housing Administration. </p> <p> In a Wednesday filing with U.S. Bankruptcy Court in Manhattan, ResCap's lawyers said it selected the... Thu, 03 Jan 2013 14:14:47 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55350012&headline=mortgage-servicer-ocwens-rapid-growth-puts-spotlight-on-its http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55350012&headline=mortgage-servicer-ocwens-rapid-growth-puts-spotlight-on-its <div class='newsbody'><p> --Ocwen Financial Corp. succeeds at servicing, but cuts costs with tax moves, offshore workers </p> <p> --Company bought chairman's house for 50% more than he paid six years earlier amid Virgin Islands relocation </p> <p> --Offshore workers raise housing agency concerns, appear... Thu, 06 Dec 2012 13:49:04 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55095465&headline=judge-poised-to-approve-rescap-loan-sale-to-berkshire http://www.advfn.com/nyse/StockNews.asp?stocknews=OCN&article=55095465&headline=judge-poised-to-approve-rescap-loan-sale-to-berkshire <div class='newsbody'><pre> By Joseph Checkler </pre> <p> NEW YORK--A judge on Monday said he plans to approve Residential Capital LLC's sale of a loan portfolio to Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB), the undercard in ResCap's two-pronged transaction that should fetch $4.5 billion... Mon, 19 Nov 2012 16:15:23 EST