Ocwen Financial Corporation (OCN)

My March Stock Madness contest forecasts the winner among my favorite longs and shorts within a time frame of three to six months. "I'm living the dream." -- Dick Vitale Welcome to my 2013 long/short brackets for March Stock Madness. Unlike the NCAA...

Let's review. I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights. On Monday, I started the week with "The Cyprus Blight C...

I am heavier on the short side of my pairs trade. In my pairs trade discussed yesterday, I now have an imbalance of short Nationstar (NSM) against long Ocwen (OCN).

Let's delve. Let's briefly discuss the motivation behind my pairs trade (Accounting 101): long Ocwen (OCN)/short Nationstar (NSM). Ocwen generates high-quality earnings. Unlike Nationstar, Ocwen does not create earnings without cash flow. Ocwen has ...

This one is in the mortgage-servicing sector. It's long Ocwen (OCN)/short Nationstar (NSM), with accounting differences and earnings quality being the proximate reasons.  More to come in analysis.

I am off to breakfast with two mortgage-servicing executives to get better clarity. "I'll have pancakes in the Age of Enlightenment, please." -- Mike (Jon Favreau), Swingers With mortgage servicers under pressure after Walter Investment Management's...

Here's what I like the best on each side. Favorite long: Ocwen Financial (OCN). Favorite short: Grand Canyon Education (LOPE).

Just added to the long on a higher entry point. I have moved my Ocwen Financial (OCN) buy entry point up from $35 to $36, and I just added to my long.

A competitor reports an earnings miss. Ocwen Financial (OCN) is having its worst day in weeks or months. The proximate cause is that a competitor, Walter Investment Management (WAC), reported a miss to the bottom line (though the top line was abvout...

Two Harbors' announced that it is now licensed to buy Freddie Mac's mortgage-servicing rights. Ocwen (OCN) is lower based on Two Harbors' (TWO) announcement that it is now licensed to buy Freddie Mac's (FRE) mortgage-servicing rights, but Two Harbor...

Piper remains Overweight on HLSS. Piper Jaffray reiterates its Overweight on Home Loan Servicing Solutions (HLSS) just now -- part of the Ocwen (OCN) complex that is expereincing another boost in share prices today.

His appointment was announced today. Wilbur Ross puts his imprimatur on and joins Ocwen's (OCN) board of directors.

The Ally news has catapulted the complex. The Ocwen (OCN) complex is trading higher on the Ally news.

Run, don't walk, to listen to Ocwen Chairman Bill Erbey's comments from last week's earnings call. Over the last few days, a light has been lit under the Ocwen (OCN) complex. If you listen to the first 10-15 minutes of the company's earnings call la...

Here is my new end-of-the-week column. As I mentioned last Friday, I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights. On...

Ocwen (OCN) reported a solid quarter ($0.47 a shre) with top line beating consensus and bottom line about $0.03 a share shy. But a much higher than expected tax rate reduced earnings by a nickel, so on an adjusted bases it was a beat. Moreover, the ...

Currently, only five out of 77 stocks I have mentioned recently are eligible to buy, down from nine out of 74 in mid-January. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

Another large servicing deal has been anounced. New high in Ocwen (OCN) after another large servicing deal has been anounced.

Currently, only nine out of 74 stocks I have mentioned recently are eligible to buy, down from 19 out of 74 in late December. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

Ocwen and Altisource Asset Management are hitting highs. Ocwen (OCN) has been a standout all week. (It just hit a 45-day high). And here comes the mini Altisource Portfolio Solutions (ASPS), Altisource Asset Management (AAMC), up $8.50 and at a new ...

I'm not messing around with trading-index ETFs this year.

The shares are at a 21-day high. Ocwen (OCN) trades at a 21-day high now.

This should take some pressure off Altisource Portfolio Solutions and Ocwen. "One last thing." -- Lt Columbo Altisource Portfolio Solutions (ASPS) and Ocwen (OCN) have been under pressure because a brokerage was concerned yesterday that Bank of Amer...

Woulda, shoulda but couldn't. The best-laid schemes o' mice an' men Gang aft agley -- Robert Burns, "To a Mouse, on Turning Her Up in Her Nest with the Plough" The best-laid plans (of mice and men) often go awry. And so it goes with the search for m...

Currently, 19 out of 74 stocks I have mentioned recently are eligible to buy, up from 13 out of 71 in early November. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configurat...

I view these as investments, not as trades.   I am bidding $69.50 for Procter & Gamble (PG), $33 for Wells Fargo (WFC), $17.55 for Morgan Stanley (MS), $34.50 for Ocwen Financial (OCN), $88.75 for Berkshire Hathaway class B (BRK.B), and $19.70 for C...