Articles Tagged with ''New York Stock Exchange''

MERS, NYSE owner Intercontinental Exchange increases mortgage presence by buying Simplifile

Completes $335 million purchase of electronic document platform
Intercontinental Exchange, the parent company of the New York Stock Exchange, moved into mortgages in a big way last year when the company bought MERS. And now, ICE is increasing its presence in the mortgage business. ICE announced Wednesday that it has acquired Simplifile, which acts as an electronic liaison between lenders, settlement agents, and county recording offices, for $335 million.
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NYSE parent company ICE acquires MERS

ICE buys remaining stake in mortgage registry
Intercontinental Exchange, the parent company of the New York Stock Exchange, is now also the parent company of MERSCORP Holdings, as the companies announced Friday that ICE has acquired all of MERS.
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Walter Investment could be booted from NYSE for low stock price, market cap

Nonbank receives delisting notice after market cap stays well below $50 million
On July 14, 2017, Walter Investment Management Corp. disclosed that it received a notice from the New York Stock Exchange after the company’s shares closed at an average price of less than $1 for a consecutive 30 trading-day period. Walter’s stock closed at $0.77 that day, and since then, things haven’t gotten any better. In fact, they’ve gotten much worse – so much so that Walter is now at risk of being kicked off the NYSE.
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Walter Investment hit with NYSE warning after shares stay below $1

Shares traded at less than $1 for one month
On Dec. 5, 2016, Walter Investment Management Corp.’s stock closed at $7.35. Since then, the nonbank’s stock dropped precipitously. So much so, in fact, that the stock is now trading well below $1 and the NYSE issued a warning stating the company is no longer in compliance with the stock exchange’s rules.
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Who cares if the Dow hit 20K? Not most of us

Nearly half of American adults don’t own stocks, so why should they care?
On the floor of the New York Stock Exchange, at the offices of investment brokers, and in corporate boardrooms throughout the country, there were hearty celebrations on Wednesday morning as an artificial number hit an arbitrary target. People doffed cheap embroidered hats. They poured Champagne. Frivolity was the order of the day. But for the rest of us, the Dow hitting 20,000 doesn’t mean a damn thing.
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Stonegate CEO departure could lead to delisting warning from NYSE

Majority of company’s board of directors are not independent
The abrupt departure of Stonegate Mortgage Founder and CEO Jim Cutillo could have Stonegate in a bit of hot water with the New York Stock Exchange, as the majority of its board of directors are no longer independent. The problem: This is in direct violation of NYSE rules.
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Ocwen now in full compliance with NYSE

No longer on Late Filter list
Ocwen Financial Corporation is no longer on the NYSE naughty list. The nonbank financial servicer is now in full compliance with the New York Stock Exchange, finally putting the company in good graces after months of negative news.
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Ocwen faces delisting from New York Stock Exchange

Is the HLSS situation the iceberg that sinks Ocwen?
The calendar may say that it’s officially Spring, but Ocwen Financial’s winter of discontent is nowhere close to being over. Now, the bank is facing delisting from the New York Stock Exchange because of its continued delays in filing its 2014 annual report.
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Fidelity National planning Black Knight IPO

Company files registration statement with SEC
In what constitutes a "Back to the Future" moment for Fidelity National, the company is planning an initial public offering of stock in its subsidiary, Black Knight Financial Services. If approved, the company would trade on the New York Stock Exchange under the ticker symbol "BKFS."
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