Ocwen believes its mortgage loan servicing practices have and continue to result in substantial benefits to consumers above and beyond other mortgage servicers.
On Thursday, the firm’s shares were pummeled by new allegations from the Consumer Financial Protection Bureau and State attorneys general of improper and incompetent conduct.
“Ocwen strongly disputes the CFPB’s claim that Ocwen’s mortgage loan servicing practices have caused substantial consumer harm,” the company said in a press release Thursday.
In 2015, a California regulator threatened to kick Ocwen out of the state, then its biggest market.
“The public interest will be irreparably harmed by delay in issuing a cease and desist order to Ocwen,” the regulator concluded.
as mentioned in
Stock Market Breakdown Risk – SPDR S&P 500 Trust ETF (NYSEARCA:SPY)
Because the stock market has officially skyrocketed to the moon it’s not as simple to find a reference point.
First, the ChartSource: Interactive Brokers The S&P 500 (NYSEARCA:SPY) has hugged the middle line we identified with arrows.
Conclusion: Support Lower If we’re correct and the market does break, we see support around 225 SPY.
Geo-Politics Can Break This Chart Down North Korea The main event that we think can break this chart down is the rift between the U.S. and North Korea.
You can see that the market has converged to this critical point at an uptrend and a near-term horizontal support level.
as mentioned in
Stock Market News for April 20, 2017
IBM Drags Down Dow International Business Machines Corporation IBM released its first quarter 2017 financial results on Tuesday.
The company recorded revenues of $18.16 billion, missing the Zacks Consensus Estimate of $18.49 billion and decreased 2.8% year over year and 16.6% sequentially.
Morgan Stanley Earnings ResultsMeanwhile, shares of Morgan Stanley MS increased 2% after the company posted first-quarter 2017 earnings of $1 per share, outpacing Zacks Consensus Estimate of $0.9.
Benchmarks closed mostly in the red on Wednesday, dragged down primarily by energy shares after oil prices declined to a two-week low on Wednesday.
In addition, revenues surpassed the Zacks Consensus Estimate of $9.1 billion.