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  • Ocwen cleared of wrongdoing in multi-billion dollar mortgage bond fight

    Early in 2015, a group of mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a mortgage servicer by failing to properly collect payments on $82 billion of home loans thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook. Click the headline for the whole story.

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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