Wells Fargo & Company (NYSE:WFC)’s canceling of Ocwen Financial Corp (NYSE:OCN)’s deal will impact shares of both Ocwen Financial and Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), notes Sterne Agee. Henry J. Coffey, Jr. and team at Sterne Agee said in their report published soon after Thursday’s cancellation announcement wonder whether the Wells Fargo deal will go back to market. Wells Fargo cancels Ocwen deal According to a regulatory filing with the Securities and Exchange Commission, Ocwen Financial Corp (NYSE:OCN) disclosed that the long-delayed $2.7 billion mortgage servicing rights deal with Wells Fargo & Company (NYSE:WFC) is now officially dead. However, Ocwen will receive…
Wells Fargo Nixed Deal With Ocwen To Hurt Altisource?
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports