News: Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

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23 May 2013
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Tue, Mar 12 2013

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Ocwen to acquire Ally mortgage servicing rights

- The banking unit of Ally Financial, the bailed-out auto lender that is 74 percent-owned by the U.S. government, is selling the majority of its mortgage servicing rights portfolio to Ocwen Financial Corp for $585 million, Ally said on Tuesday.

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UPDATE 1-Ocwen to acquire Ally mortgage servicing rights

March 12 - The banking unit of Ally Financial, the bailed-out auto lender that is 74 percent-owned by the U.S. government, is selling the majority of its mortgage servicing rights portfolio to Ocwen Financial Corp for $585 million, Ally said on Tuesday.

Ocwen to acquire Ally mortgage servicing rights

NEW YORK, March 12 - Ally Bank, the banking subsidiary of Ally Financial, is selling the majority of its mortgage servicing rights portfolio to Ocwen Financial Corp for $585 million, the bank said on Tuesday.

Exclusive: Ocwen leads in deal to buy Ally mortgage rights - sources

NEW YORK - Ocwen Financial Corp is in the lead to buy a portfolio of mortgage collection rights from Ally Bank worth around $1 billion, three people familiar with the situation said on Thursday.

UPDATE 3-BofA to sell rights to service $300 bln loans-sources

NEW YORK, Jan 4 - Bank of America Corp is in talks to sell collection rights on $300 billion of mortgages, two sources familiar with the situation said, in an effort to offload problem exposure after huge losses from its Countrywide Financial acquisition.

UPDATE 2-BofA to sell $300bln in mortgage service rights-sources

NEW YORK, Jan 4 - Bank of America Corp is in talks to sell mortgage servicing rights on more than $300 billion of loans, two sources familiar with the situation said, in an effort to offload problem mortgage exposure after huge losses on its disastrous 2008 Countrywide Financial acquisition.

BofA to sell over $300 bln in mortgage servicing rights-sources

NEW YORK, Jan 4 - Bank of America Corp is in talks to sell mortgage servicing rights on more than $300 billion of loans, according to two sources familiar with the situation.

NY regulator requires monitor to oversee Ocwen mortgage practices

- A New York state regulator said it has ordered Ocwen Financial Corp to hire a monitor to make sure the growing mortgage servicer complies with a previous agreement to reform its practices.

NY regulator requires monitor to oversee Ocwen mortgage practices

Dec 5 - A New York state regulator said it has ordered Ocwen Financial Corp to hire a monitor to make sure the growing mortgage servicer complies with a previous agreement to reform its practices.

New York regulator yet to approve Ocwen's two recent deals: WSJ

- New York's top state bank regulator is yet to approve Ocwen Financial Corp's recent agreements to buy two mortgage servicing firms as a result of concerns about what it says are unfair loan practices, the Wall Street Journal reported.

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