MSR sale lifts Wells Fargo stock
Ocwen stock drops amid sale
The transaction involved approximately 184,000 loans, which is approximately 2% of the bank’s total residential servicing portfolio.
In light of the deal, Wells Fargo stock rose 0.51% at the end of the trading day.
But the same good news did not give Ocwen a boost.
Ocwen, on the other hand, finished the day down 2.79%: the biggest percentage drop recorded on the HW 30 during the Wednesday trading day.
Overall, the HW 30 witnessed another slow day, finishing up 0.03%.
However, the tepid day filtered into the rest of the market as well.
The Nasdaq concluded the day up 0.41%, while the S&P 500 finished up 0.06%.