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Enter Symbol:
Ocwen Financial Corporation (OCN) [hlAlert]

up 30.16 %

Ocwen Financial Corporation (OCN) rated Underperform by BofA/Merrill

Posted on: Friday,  Jul 31, 2015  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Ocwen Financial Corporation (NYSE: OCN) on 07/31/2015, when the stock price was $9.32. Since
then, Ocwen Financial Corporation has lost 23.18% as of 12/11/2015's recent price of $7.16.
If you would have followed this BofA/Merrill's recommendation on OCN, you would have gained 30.16% of your investment in 133 days.

Ocwen Financial Corporation (OCN) is an asset manager and business process solutions provider specializing in loan servicing, special servicing and mortgage services. The two lines of business for the Company are Ocwen Asset Management (OAM) and Ocwen Solutions (OS). The Company operates in six business segments: servicing, loans and residuals, asset management vehicles (AMV), mortgage services, financial services and technology products. In addition to the residential servicing business, OAM includes the equity investments in asset management vehicles and the remaining investments in the subprime loans and residual securities. In addition to the unsecured collection business, OS includes the residential-fee based loan processing businesses, the technology platforms and an interest in the BMS Holdings, Inc.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2015 10:25 AM Sell
as of 8/27/2015
1 Week down  -1.56 %
1 Month up  23.17 %
3 Months   
1 YTD up  23.17 %

(*) Stock Price at the time of the recommendation.
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