Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S
Servicing / The Ticker

Bank of New York Mellon profit rises 26%

/ Print / Reprints /
| Share More
/ Text Size+

 

Bank of New York Mellon Corp.'s (BK) fourth-quarter profit rose 26% as the trust bank increased its assets under management and custody while also posting a credit in its loan loss provisions. Trust banks act as custodians and servicers for corporations and Wall Street and make most of their money collecting fees for various servicing activities, leaving results heavily dependent on market forces.

Source: MarketWatch
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus