Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Investments

MSR sale lifts Wells Fargo stock

Ocwen stock drops amid sale

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Well Fargo’s (WFC) stock finished the day in the green after it announced it signed an agreement to sell Ocwen Loan Servicing (OCN) a $39 billion portfolio of residential mortgage servicing rights.

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%.             

Two homebuilders witnessed huge gains Wednesday, with D.R. Horton (DHI) and Toll Brothers (TOL) ending the day up 2.28% and 2.06%, respectively.   

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