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  • Ocwen facing CFPB investigation, potential fine for servicing practices

    It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices. But it looks like Ocwen may not be done with the CFPB yet, as the company revealed Thursday that the bureau is currently investigating the company’s mortgage servicing practices, which could lead to a fine and/or other disciplinary action.

Items Tagged with 'S&P 500'


Stock markets tank as investors go bearish

This is the worst start ever to a calendar year
Investors are scrambling as they continue to head into what is the worst start ever to a calendar year for the stock market. But amid all the negative reports, an article in Business Insider said that in a note to clients, Deutsche Bank's Jim Reid gave some reason for optimism for the future.
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Real estate lands spot on S&P Indices

Real Estate is now a “distinct asset class”
After almost 16 years of absolutely no changes, the S&P Dow Jones Indices announced it is updating its select sector indices to accommodate a new and growing asset class: the real estate sector.
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MSR sale lifts Wells Fargo stock

Ocwen stock drops amid sale
Wells Fargo’s stock finished the day up after it announced it signed an agreement to sell Ocwen a $39 billion portfolio of residential mortgage servicing rights. But Ocwen did not witness the same positive results.
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HW 30, markets rise modestly

Despite light post-holiday trading, gainers hold
Trading was light the day after Christmas and buoyed by upbeat jobs numbers. Along with the other markets, the HW 30 was higher by early afternoon trading, up by 0.29%.
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HW 30 lands in positive territory

CoreLogic takes the prize, rising 19% on solid earnings
In daily trading on the HW 30 Index, research and real estate data firm CoreLogic took the top prize Thursday, with the firm’s stock price up 19.81%, closing at $32.35 per share on solid quarterly earnings.
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HW 30 rallies amid political progress

Bank stocks soar after chosen as best bets before QE3 tapering
Lawmakers seemed to move closer to resolving the stalemate on Capitol Hill, resulting in all three stock indices and the HW 30 rallying, as investors reacted to the positive news.
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