OCN dropped 40% yesterday and took ASPS with it (its large vendor), down 30%, although the Boll. bands caught its drop on the daily at $26 and today it is bouncing back nicely. Should be back over 30 in a few days... https://seekingalpha.com/news/3258396-ocwen-now-40-percent-investors-debate-endgame I used to sell puts on ASPS, I guess a nice loss averted. Funny thing is I was aware of ASPS recent run up (28>46) and today I went to check the chart if it was ready to be shorted, then I saw the large red candle...
I happen to know someone who has one of largest residential mortgages on ocwens books. They are a total mess and need to be shuttered asap. It's about time this happened. surf
'Ocwen has been in regulatory trouble before. The CFPB went after Ocwen in 2013, again alleging that the company had failed to services its loans improperly." LOL what are they thinking. Can't they get their act together and service their loans improperly. http://www.wptv.com/news/region-c-p...d-ocwen-financial-say-it-mishandled-mortgages