Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

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The Ticker

HW 30, banks, Impac up slightly Tuesday

Moderate gains seen among banks

Stock ticker

The stock for JPMorgan Chase (JPM) closed up 0.07% while Wells Fargo (WFC) climbed just 0.07% after posting solid fourth-quarter profits even if JPMorgan Chase missed analyst estimates.

As HousingWire reported Tuesday morning, JPMorgan posted fourth-quarter profit of $5.3 billion, or $1.30 per share, down from $5.7 billion, or $1.39 a share, in the fourth quarter of 2012. 

Impac Mortgage Holdings Inc. (IMH) was up 5.31%, after news that it successfully sold retail mortgage branch operations to sold Prospect Mortgage.

Bank of America (BAC) was up 2.07% ahead of its earnings release Wednesday at 7 a.m. ET. (HousingWire will have full coverage early Wednesday.)

The HW 30 — HousingWire’s exclusive list of mortgage related stock — also rose 0.43%

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