Ocwen Financial Corporation (OCN)

We probably won't see the market bounce fizzle until the ho-hum, big-name, blue-chip stocks fizzle first.

I've received numerous e-mails over the last few weeks regarding whether to buy some entities in the Ocwen (OCN) complex, particularly Altisource Residential (RESI) and Altisource Asset Management Corp. (AAMC). My answer? No way, Jose! See my latest...

Ocwen (OCN) filed an 8K last evening, and the bottom line is that losses will continue for some time, as the company can't cut expenses fast enough despite the sale of mortgage-servicing assets. Wall Street is still expecting  profits. But the root ...

I've made two good investments and one fine trade in Altisource Residential Corp. (RESI) over the last few years, and I've repeatedly gotten e-mails from subscribers about whether I recommend "bottom fishing" on struggling RESI today. Unfortunately,...

Today's takeaways and observations: Contrary to consensus expectations, the bond market continues to rally. The iShares 20+ Year Treasury Bond ETF (TLT) is near the day's highs, while the 10-year Treasury's yield has dropped to about 2.15%. I'm temp...

Mother Merrill/Brother Bank of America is downgrading mortgage company Ocwen Financial (OCN) to Underperform from Neutral this morning. As some subscribers have asked, I quickly looked at Ocwen's latest results, which were posted yesterday after the...

Markets still are holding their gains as we come to midday. Interestingly, the biotech index is off today despite great results and a solid up day from Gilead Sciences (GILD), one of the four horsemen of biotech. Some infrastructure plays such as Ma...

JPMorgan Chase (JPM) is to buy $45 billion in mortgage servicing rights from Ocwen (OCN) -- this should be earnings accretive. See my post on JPM earlier today.

Ocwen's quarterly release underscores that the entire complex is still not investable and should be avoided -- large write-offs, continuing and still unknown legal and monitoring expenses and the lack of  any clarity of ongoing operating expenses re...

Altisource Asset Management (AAMC) and Altisource Residential (RESI) finally announced a restructured management agreement, which approximated my previous guesstimate. Though I am no longer involved in RESI or any other affiliate in the Ocwen (OCN) ...

Compass research has lowered Ocwen (OCN) to Sell from Neutral with a $7 price target, citing several reasons I have also expressed about the Ocwen complex: Higher operating expenses associated with the Home Loan Servicing Solutions (HLSS) relationsh...

Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am ...

Like Bruce Willis, Apple's shares don't die hard or quickly. (The shares are trading +$1.63 after being lower earlier in the day.) The media event invitation for early March (watch) should be no surprise. I plan to add to my short at about $131/shar...

"Capstone believes these actions will add significant value for RESI shareholders. Capstone currently values RESI at $28.10 per share. If RESI's board acts to terminate AAMC for cause and hires a new asset manager at market rates, Capstone estimates...

Several weeks ago I summarized my view of each component of the Ocwen (OCN) complex and concluded that OCN, Altisource Portfolio Solutions (ASPS) and Altisource Asset Management (AAMC) might still be avoided, while Home Loan Servicing Solutions (HLS...

I have sold the balance of my Home Loan Servicing Solutions (HLSS) above $17.10 for a nice and quick gain. The only stock that I am long in the Ocwen (OCN) complex is now Altisource Residential (RESI). RESI is up again this morning -- and now stands...

In my recent Ocwen (OCN) complex write-up, I opined that Home Loan Servicing Solutions (HLSS) could be acquired. HLSS is +$0.80 on the announcement that Mangrove Partners is nominating five directors for the Home Loan Servicing board. From Nathan Au...

Early this morning, I covered my SPY and QQQ shorts. Later in the day, I covered my IWM short. I sold my tag end positions in Altisource Asset Management (AAMC), Altisource Portfolio Solutions (ASPS) and Ocwen (OCN). I added more aggressively to my ...

As promised, I sold my tag ends in Altisource Portfolio (ASPS), Altisource Asset (AAMC) and Ocwen (OCN). I have added to my Home Loan Servicing (HLSS) and Altisource Residential (RESI) holdings.  

I have taken down my index shorts in premarket trading this morning and I have moved to back to market neutral from 8% net short. And as I mentioned yesterday I will be out of Altisource Asset Management (AAMC), Ocwen (OCN) and Altisource Portfolio ...

This morning, one of its largest shareholders of Home Loan Servicing Solutions (HLSS), Mangrove Partners, delivered a letter urging the company to sever servicing relationships with Ocwen Financial (OCN). Mangrove believes that such a transfer in se...

Buttercup: You mock my pain! Man in Black: Life is pain, Highness. Anyone who says differently is selling something.  -- The Princess Bride Let's start the week by summarizing my thoughts of the Ocwen (OCN)-related complex. Ocwen, Altisource Portfol...

For reasons expressed in an upcoming and lengthy fundamental analysis (that I am still crafting), I am making changes in my portfolio weightings in the Ocwen (OCN) complex of companies. I plan to add to Altisource Residential (RESI) (a new long) at ...