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	<title>Stock Blog Hub &#187; Ocwen Financial Corporation</title>
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		<title>(OCN) Ocwen Financial Analyst Upgrades Shares to Outperform</title>
		<link>http://www.stockbloghub.com/2012/01/17/ocn-ocwen-financial-analyst-upgrades-shares-to-outperform/90300</link>
		<comments>http://www.stockbloghub.com/2012/01/17/ocn-ocwen-financial-analyst-upgrades-shares-to-outperform/90300#comments</comments>
		<pubDate>Tue, 17 Jan 2012 18:22:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90300</guid>
		<description><![CDATA[We have upgraded our long term recommendation on Ocwen Financial Corporation (OCN) to “Outperform” from “Neutral”. The main reasons behind this raise are the company’s stable liquidity position and expected synergies from the recent servicing portfolio acquisitions that would support its financials. We believe that Ocwen’s principal reduction programs are expected to significantly contribute to its loan modification ability. However, until capital and debt markets stabilize, the company’s bottom line would remain under pressure. Although the near-term economic outlook remains unpredictable owing to market volatility and a contraction in subprime mortgage-servicing rights (MSRs), the company remains committed to loan modifications. Over the years, Ocwen has been growing through acquisitions and alliances. In the last few months, the company completed the acquisition of Litton Loan Servicing from Goldman Sachs Group Inc. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/17/ocn-ocwen-financial-analyst-upgrades-shares-to-outperform/90300/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MS) Morgan Stanley to Reform Foreclosure Practices</title>
		<link>http://www.stockbloghub.com/2011/11/12/ms-morgan-stanley-to-reform-foreclosure-practices/86947</link>
		<comments>http://www.stockbloghub.com/2011/11/12/ms-morgan-stanley-to-reform-foreclosure-practices/86947#comments</comments>
		<pubDate>Sat, 12 Nov 2011 21:49:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=86947</guid>
		<description><![CDATA[Morgan Stanley (MS) became the second largest bank after The Goldman Sachs Group Inc. (GS) to adopt new foreclosure procedures in an effort to stop unlawful and troublesome foreclosure practices. Morgan Stanley has reached an agreement with the New York’s Department of Financial Services about the new set of standards. Morgan Stanley, along with two other mortgage servicers – American Home Mortgage Servicing Inc. and Vericrest Financial Inc. – have assented to the mortgage servicing changes, the Department of Financial Services said in a statement on Thursday. Morgan Stanley’s mortgage-servicing unit Saxon Mortgage Services Inc., which the company sold to Ocwen Financial Corp. (OCN) in October, is also a part of the deal. This is definitely good news for the industry amid volatile economic conditions. However, the agreement does not ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/12/ms-morgan-stanley-to-reform-foreclosure-practices/86947/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) The Goldman Sachs Group Ends Litton Sale</title>
		<link>http://www.stockbloghub.com/2011/09/11/gs-the-goldman-sachs-group-ends-litton-sale/82680</link>
		<comments>http://www.stockbloghub.com/2011/09/11/gs-the-goldman-sachs-group-ends-litton-sale/82680#comments</comments>
		<pubDate>Sun, 11 Sep 2011 19:53:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=82680</guid>
		<description><![CDATA[Last week, The Goldman Sachs Group Inc. (GS) completed the sale of Litton Loan Servicing to Ocwen Financial Corp. (OCN) for $264.0 million, after getting approval from federal and New York state regulators. Goldman has been ordered by the Fed to conduct an independent review of Litton’s foreclosures in 2009 and 2010 for investigating the extent of misconduct and negligence. Moreover, Goldman agreed to let off 25% of principal balances for stressed homeowners, who are 60 days past due on mortgage payments, at a total cost of $53 million. Goldman will also reimburse some Litton home loan borrowers for illegal foreclosures at an indeterminate cost. The bank also agreed to pay fines imposed by government for any of Litton’s business operations that occurred before the deal. As part of the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/11/gs-the-goldman-sachs-group-ends-litton-sale/82680/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) The Goldman Sachs Group Lags Estimates</title>
		<link>http://www.stockbloghub.com/2011/08/03/gs-the-goldman-sachs-group-lags-estimates/79374</link>
		<comments>http://www.stockbloghub.com/2011/08/03/gs-the-goldman-sachs-group-lags-estimates/79374#comments</comments>
		<pubDate>Wed, 03 Aug 2011 23:10:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAM]]></category>
		<category><![CDATA[Brookfield Asset Management Inc]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79374</guid>
		<description><![CDATA[The Goldman Sachs Group Inc.’s (GS) second-quarter 2011 earnings per share of $1.85 were significantly below the Zacks Consensus Estimate of $2.29 per share. Coupled with global macro-economic concerns, the results deteriorated driven by a decrease in revenue and poor performance in Institutional Client Services division. However, lower operating expenses partially offset the decline. Net income applicable to common shareholders in the quarter was $1.1 billion compared with $908 million last quarter and $453 million in the prior-year quarter. Behind the Headlines Total revenue decreased 39% from the prior quarter and 18% year over year to $7.3 billion. Revenue reported also missed the Zacks Consensus Estimate of $9.1 billion, primarily due to decreases in client activity level. Quarterly revenue, as per business segments, is as follows: Investment Banking division generated ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) Goldman Sachs Group 2011 Second Quarter Earnings Preview</title>
		<link>http://www.stockbloghub.com/2011/07/16/gs-goldman-sachs-group-2011-second-quarter-earnings-preview/79179</link>
		<comments>http://www.stockbloghub.com/2011/07/16/gs-goldman-sachs-group-2011-second-quarter-earnings-preview/79179#comments</comments>
		<pubDate>Sat, 16 Jul 2011 21:32:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAM]]></category>
		<category><![CDATA[Brookfield Asset Management Inc]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[NIM]]></category>
		<category><![CDATA[Nuveen Select Maturities Municipal Fund]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79179</guid>
		<description><![CDATA[The Goldman Sachs Group Inc. (GS) is scheduled to report its second-quarter 2011 results before the opening bell on Tuesday, July 19. The Zacks Consensus Estimate for the second quarter is $2.42 per share, representing a decline of about 12% from the year-ago quarter. We expect Goldman to benefit from its well managed global franchise, strong capital base and industry leading position in trading and asset management. Moreover, improved client activity and overall revenue enhancement in the last qaurter, along with Goldman’s prudent business model and strong fundamentals, are expected to deliver better earnings. However, regulatory issues, including lawsuits, are expected to dent the financials of the company in the upcoming quarters. Previous Quarter Performance Goldman’s first-quarter 2011 earnings per share of $1.56 outpaced the Zacks Consensus Estimate of 79 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/16/gs-goldman-sachs-group-2011-second-quarter-earnings-preview/79179/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) The Goldman Sachs Group Analyst Maintains Shares at Neutral</title>
		<link>http://www.stockbloghub.com/2011/06/16/gs-the-goldman-sachs-group-analyst-maintains-shares-at-neutral/75914</link>
		<comments>http://www.stockbloghub.com/2011/06/16/gs-the-goldman-sachs-group-analyst-maintains-shares-at-neutral/75914#comments</comments>
		<pubDate>Thu, 16 Jun 2011 14:50:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAM]]></category>
		<category><![CDATA[Brookfield Asset Management Inc]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75914</guid>
		<description><![CDATA[We maintain our Neutral recommendation on The Goldman Sachs Group Inc. (GS) as with the improving economic conditions, the company is gaining from a solid balance sheet and growth of its global clients. In April, Goldman reported first-quarter 2011 earnings of $1.56 per share, significantly outpacing the Zacks Consensus Estimate of 79 cents per share. Results included a preferred dividend of $1.64 billion related to the redemption of Goldman’s Series G Preferred Stock. During the first quarter of 2011, Goldman repurchased 9 million shares of its common stock at an average cost per share of $163.22, for a total cost of $1.47 billion. Despite the broad macro concerns, Goldman experienced increased client activity across many of its businesses within Institutional Client Services during the first quarter of 2011, although volumes ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) Goldman May Sell Litton to Ocwen</title>
		<link>http://www.stockbloghub.com/2011/06/09/gs-goldman-may-sell-litton-to-ocwen/75623</link>
		<comments>http://www.stockbloghub.com/2011/06/09/gs-goldman-may-sell-litton-to-ocwen/75623#comments</comments>
		<pubDate>Thu, 09 Jun 2011 17:45:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75623</guid>
		<description><![CDATA[Financial Times reported that The Goldman Sachs Group Inc. (GS) is planning to close down the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (OCN). The news followed the writing down of mortgage-servicing business worth $200 million by Goldman two months ago. In March, New York Times also reported that Goldman was looking for strategic options for the sale of Litton as the mortgage-servicing industry was under greater scrutiny for their foreclosure practices. According to sources, the sale of the unit to Florida-based mortgage servicer, Ocwen is expected to be commenced within few days. No expected financial terms were disclosed. However, in May, Reuters reported that Goldman&#8217;s planned sale of Litton is expected at a price of $500 million. During the first quarter of 2011, Goldman ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/09/gs-goldman-may-sell-litton-to-ocwen/75623/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) The Goldman Sachs Group Sells Litton to Ocwen</title>
		<link>http://www.stockbloghub.com/2011/06/09/gs-the-goldman-sachs-group-sells-litton-to-ocwen/75812</link>
		<comments>http://www.stockbloghub.com/2011/06/09/gs-the-goldman-sachs-group-sells-litton-to-ocwen/75812#comments</comments>
		<pubDate>Thu, 09 Jun 2011 17:44:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75812</guid>
		<description><![CDATA[On Monday, The Goldman Sachs Group Inc. (GS) announced the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (OCN) for about $263.7 million. Some of the assets of Litton will be retained by Goldman, which is not reflected in the sale price. The sell off follows the writing down of mortgage-servicing business worth $200 million by Goldman two months ago. As per the terms of the deal, Ocwen will enter a new $2.47 billion loan for servicing advances and pay $337.4 million to retire a part of its debt, which Litton owes to Goldman. Further, Ocwen would receive $575 million of senior secured loan from Barclays plc (BCS) in order to finance the deal. Additionally, the transaction will provide Ocwen with $41.2 billion of servicing portfolio ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/09/gs-the-goldman-sachs-group-sells-litton-to-ocwen/75812/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase &amp; Co. Aides Jobless Homeowners via Hardest Hit Fund</title>
		<link>http://www.stockbloghub.com/2010/10/07/jpm-jpmorgan-chase-co-aides-jobless-homeowners-via-hardest-hit-fund/54032</link>
		<comments>http://www.stockbloghub.com/2010/10/07/jpm-jpmorgan-chase-co-aides-jobless-homeowners-via-hardest-hit-fund/54032#comments</comments>
		<pubDate>Thu, 07 Oct 2010 16:16:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Marshall & Ilsley Corporation]]></category>
		<category><![CDATA[MI]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54032</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) said on Monday that it will help jobless Michigan homeowners by contributing to the state’s Hardest Hit fund, which assists qualified borrowers to pay about half of their mortgage payments for up to 12 months. JPMorgan’s customers who are behind on their mortgage payments will be primarily helped by this aid, saving up to $9,000. Following the setup of all the logistics by the Michigan State Housing Development Authority, JPMorgan will commence the program. Following unemployed homeowners’ request, JPMorgan’s counselors will check the eligibility by asking basic questions and then send an application package to the borrowers. After homeowners return the application package with the required information, JPMorgan will start paying if the application is approved. JPMorgan has already helped Michigan homeowners through its Chase ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/07/jpm-jpmorgan-chase-co-aides-jobless-homeowners-via-hardest-hit-fund/54032/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Announces Pause in Foreclosure Process</title>
		<link>http://www.stockbloghub.com/2010/10/04/bac-bank-of-america-announces-pause-in-foreclosure-process/54012</link>
		<comments>http://www.stockbloghub.com/2010/10/04/bac-bank-of-america-announces-pause-in-foreclosure-process/54012#comments</comments>
		<pubDate>Tue, 05 Oct 2010 04:43:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Marshall & Ilsley Corporation]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[MI]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[THO]]></category>
		<category><![CDATA[Thor Industries Inc.]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54012</guid>
		<description><![CDATA[On Friday, Bank of America Corporation (BAC) announced that it is holding up foreclosures in 23 states to examine whether some of its former executives rushed through documents of homeowners without properly evaluating the authenticity of the information. The verification includes the accuracy of the loan information Incorporatedluding who owns the mortgage. The 23 states including Connecticut, Florida, New Jersey, New York and Pennsylvania – are those where foreclosures have to be approved by the court. Thus, BofA joins JPMorgan Chase &#38; Co. (JPM) and General Motors Acceptance Corporation (&#8220;GMAC&#8221;) Mortgage LCC, which have taken similar actions in the last two weeks. Also in an advance step, BofA has decided to revise all the affidavits pertaining to the foreclosure cases where the court has not given its verdict. JPMorgan and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/04/bac-bank-of-america-announces-pause-in-foreclosure-process/54012/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Corporation Leads the Industry in Home Affordable Modification Program</title>
		<link>http://www.stockbloghub.com/2010/09/22/bac-bank-of-america-corporation-leads-the-industry-in-home-affordable-modification-program/52545</link>
		<comments>http://www.stockbloghub.com/2010/09/22/bac-bank-of-america-corporation-leads-the-industry-in-home-affordable-modification-program/52545#comments</comments>
		<pubDate>Thu, 23 Sep 2010 04:40:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52545</guid>
		<description><![CDATA[On Tuesday, Bank of America Corporation (BAC) announced that since January 2008 it has provided mortgage modifications to more than 680,000 homeowners, making it the leader in the sector. This included 79,859 modifications under the U.S. government&#8217;s Home Affordable Modification Program (HAMP) till August 2010. Besides, more than 6,00,000 customers who did not qualify for the government-sponsored program received modifications from the company. However, even for BofA, the number of homeowners coming in for HAMP has been dwindling ever since the new and strict rules were implemented by the U.S. Treasury in April 2010. In August 2010, the company finished 3,600 permanent mortgage modifications under HAMP while the figures were 4,300 in July 2010, 9,000 in June 2010 and 16,000 in May 2010. Under the HAMP, BofA has been preventing ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/22/bac-bank-of-america-corporation-leads-the-industry-in-home-affordable-modification-program/52545/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Leads in Home Affordable Modification Program &#8211; Pace Slowing</title>
		<link>http://www.stockbloghub.com/2010/08/21/bac-bank-of-america-leads-in-home-affordable-modification-program-pace-slowing/48727</link>
		<comments>http://www.stockbloghub.com/2010/08/21/bac-bank-of-america-leads-in-home-affordable-modification-program-pace-slowing/48727#comments</comments>
		<pubDate>Sat, 21 Aug 2010 14:21:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48727</guid>
		<description><![CDATA[On Wednesday, Bank of America Corporation (BAC) announced that it has the maximum involvement in the U.S. government&#8217;s Home Affordable Modification Program (HAMP), with more than 76,300 modifications till July 2010. Apart from that, about 100,000 customers who did not qualify for the government sponsored program have received modifications from the company. Even for BofA, who leads the industry in HAMP, the number of homeowners coming in for the government sponsored program has been dwindling ever since the new strictures were put in place by the U.S. Treasury in April 2010. In July 2010, the company finished 4,300 permanent mortgage modifications under HAMP while the figure was 9,000 in June 2010 and 16,000 in May 2010. BofA has been preventing owners from losing their homes and is getting an incentive ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/21/bac-bank-of-america-leads-in-home-affordable-modification-program-pace-slowing/48727/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) Ocwen Financial Analysts Downgrade to Neutral</title>
		<link>http://www.stockbloghub.com/2010/05/17/ocn-ocwen-financial-analysts-downgrade-to-neutral/37404</link>
		<comments>http://www.stockbloghub.com/2010/05/17/ocn-ocwen-financial-analysts-downgrade-to-neutral/37404#comments</comments>
		<pubDate>Mon, 17 May 2010 23:10:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37404</guid>
		<description><![CDATA[Given the current sustainability factor, on Friday we downgraded Ocwen Financial Cor. (OCN) to Neutral from Outperform. Although the company’s first quarter earnings were a penny ahead of the Zacks Consensus Estimate, the results reflected a lackluster performance by Ocwen’s financials. Declining top-line growth across all the segments and absence of any revenues associated with Ocwen Solutions dampened the earnings expansion. Ocwen’s operations have been facing continuous headwinds from deterioration in the housing and mortgage markets. Declining prepayments and rising delinquencies lead to lower float balances and float income, while also resulting in increased interest expense related to funding of servicing advances. We do not expect any positive improvement in delinquency rates in 2010, which will lead to further reductions in advances as Ocwen’s seasoned portfolio matures. Further, continued disruptions ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/17/ocn-ocwen-financial-analysts-downgrade-to-neutral/37404/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo Agressive on Home Affordable Modification Program</title>
		<link>http://www.stockbloghub.com/2010/04/15/wfc-wells-fargo-agressive-on-home-affordable-modification-program/33936</link>
		<comments>http://www.stockbloghub.com/2010/04/15/wfc-wells-fargo-agressive-on-home-affordable-modification-program/33936#comments</comments>
		<pubDate>Thu, 15 Apr 2010 17:07:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[FCFC]]></category>
		<category><![CDATA[FirstCity Financial Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33936</guid>
		<description><![CDATA[In an attempt to reduce the number of foreclosed homes across the U.S., on Wednesday Wells Fargo &#38; Co. (WFC) announced that it continues to proceed swiftly with its extensive and incessant use of the federal Home Affordable Modification Program (HAMP) along with its other modification programs. As on Mar 31, 2010, Wells Fargo recorded 144,932 active trials and completed modifications. This included 30,014 permanent modifications, almost twice the number of permanent modifications as at the end of Jan 2010, and 9,162 permanent modifications whose completion remained pending. Further, as a result of this initiative, more than 138,000 Wells Fargo customers with HAMPs made all three trial payments as of Mar 31, 2010. The company expects about 50% of these to have their modifications completed, while 30% remain ineligible for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/15/wfc-wells-fargo-agressive-on-home-affordable-modification-program/33936/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) Ocwen Financial Posts Preliminary Results</title>
		<link>http://www.stockbloghub.com/2010/03/05/ocn-ocwen-financial-posts-preliminary-results/29881</link>
		<comments>http://www.stockbloghub.com/2010/03/05/ocn-ocwen-financial-posts-preliminary-results/29881#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:52:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29881</guid>
		<description><![CDATA[Ocwen Financial Corp. (OCN) reported its preliminary fourth quarter operating earnings per share of 7 cents, substantially short of the Zacks Consensus Estimate of 16 cents. However, this compares favorably with the loss of 7 cents in the year-ago quarter due to reduced unrealized losses on auction rate securities in the reported quarter. Results were helped by strong growth in servicing segment, reduction in operating and interest expenses that led to increase in operating income margin. However, this was partially offset by declining top-line growth across most of the segments. GAAP net income was $9.4 million or 9 cents per share as compared to a net loss of $4.3 million or 7 cents per share in the year-ago quarter. During the reported quarter, Ocwen completed the sale of Bankhaus Oswald ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/05/ocn-ocwen-financial-posts-preliminary-results/29881/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo Doubles Home Affordable Modification Program</title>
		<link>http://www.stockbloghub.com/2010/02/23/wfc-wells-fargo-doubles-home-affordable-modification-program/28361</link>
		<comments>http://www.stockbloghub.com/2010/02/23/wfc-wells-fargo-doubles-home-affordable-modification-program/28361#comments</comments>
		<pubDate>Wed, 24 Feb 2010 04:24:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[FCFC]]></category>
		<category><![CDATA[FirstCity Financial Corporation]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28361</guid>
		<description><![CDATA[In an attempt to reduce the number of foreclosed homes across the US, on Wednesday Wells Fargo &#38; Company (WFC) announced that it continues to proceed swiftly with its extensive and incessant use of the federal Home Affordable Modification Program (HAMP) along with its other modification programs. As on Jan 31, 2010, Wells Fargo recorded 137,128 active trials and completed modifications. This included 17,652 permanent modifications, twice the number of permanent modifications as of the end of Dec 2009 and 7,554 permanent modifications whose completion remained pending. Further, as a result of this initiative, more than 92,000 Wells Fargo customers with HAMPs made all three trial payments as of Jan 31, 2010. The company expects about 50% of these will have their modifications completed, while 30% remain ineligible for HAMP ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/wfc-wells-fargo-doubles-home-affordable-modification-program/28361/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) Ocwen Financial Chooses Delloite &amp; Touche</title>
		<link>http://www.stockbloghub.com/2009/09/08/ocn-ocwen-financial-chooses-delloite-touche/14643</link>
		<comments>http://www.stockbloghub.com/2009/09/08/ocn-ocwen-financial-chooses-delloite-touche/14643#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:41:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14643</guid>
		<description><![CDATA[On Sept. 4, Ocwen Financial Corp. (OCN) said that its Board of Directors approved the dismissal of PricewaterhouseCoopers as its independent public accounting firm. The vote took place on Aug. 31 and the dismissal was effective the same day. It said there were no disagreements with PricewaterhouseCopers or reportable events. In place of PricewaterhouseCoopers, Ocwen has hired Deloitte &#38; Touche as its independent public accounting firm. Ocwen and several other subprime lenders recently became subject of the Center for Public Integrity’s critical report. Records showed that 21 of the top 25 participants in a $21 billion federal program to bail out home borrowers were involved in the subprime crisis. Furthermore, Ocwen is undergoing about 64 lawsuits accusing it of abusive collection practices. Ocwen is a financial services company engaged in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/ocn-ocwen-financial-chooses-delloite-touche/14643/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) Ocwen Completes Equity Offering</title>
		<link>http://www.stockbloghub.com/2009/08/20/ocn-ocwen-completes-equity-offering/12836</link>
		<comments>http://www.stockbloghub.com/2009/08/20/ocn-ocwen-completes-equity-offering/12836#comments</comments>
		<pubDate>Thu, 20 Aug 2009 17:56:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12836</guid>
		<description><![CDATA[Ocwen Financial Corp. (OCN) announced the completion of its public offering of 32.2 million shares of common stock, which includes 4.2 million shares purchased by the underwriters to cover the over-allotment option. Ocwen received approximately $275.3 million in net proceeds from the common stock offering after deducting underwriting discounts but before estimated offering expenses. The company intends to use the net proceeds for general corporate purposes Incorporatedluding acquisitions and working capital. J.P. Morgan Securities Inc., Barclays Capital Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the common stock offering. Piper Jaffray &#38; Co. and Keefe, Bruyette &#38; Woods Inc. acted as co-managers. Ocwen is a financial services company engaged in the servicing of residential and commercial mortgage loans. Ocwen acquires mortgage-servicing rights (MSRs) for performing, sub-performing ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/ocn-ocwen-completes-equity-offering/12836/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) U.S. Banks &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/07/14/ocn-us-banks-industry-outlook-2/9927</link>
		<comments>http://www.stockbloghub.com/2009/07/14/ocn-us-banks-industry-outlook-2/9927#comments</comments>
		<pubDate>Tue, 14 Jul 2009 14:31:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[KeyCorp]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=9927</guid>
		<description><![CDATA[We think that the worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods &#8212; there are still many significant challenges ahead. The banks are now able to tap the debt markets without FDICs support and also access the equity markets as the investor confidence returns in the stronger banks. Many banks have already repaid the TARP funds to the Treasury. While the bigger banks benefited greatly from the various programs launched by the Federal Reserve, the Treasury and the FDIC and are now in a much better shape, many smaller banks are still in a very weak financial state and the FDICs list of problem banks continues to grow. Further, the Government efforts have not succeeded in restoring ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/07/14/ocn-us-banks-industry-outlook-2/9927/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OCN) U.S. Banks &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/06/16/ocn-us-banks-industry-outlook/8348</link>
		<comments>http://www.stockbloghub.com/2009/06/16/ocn-us-banks-industry-outlook/8348#comments</comments>
		<pubDate>Tue, 16 Jun 2009 22:48:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[KeyCorp]]></category>
		<category><![CDATA[OCN]]></category>
		<category><![CDATA[Ocwen Financial Corporation]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=8348</guid>
		<description><![CDATA[The worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods, as there are still many significant challenges ahead. Ten of the nation&#8217;s largest banks have received the Treasury approval for TARP repayment, as they are now able to tap the debt markets without FDIC&#8217;s support and also access the equity markets as the investor confidence returns in the stronger banks. While the bigger banks have benefited a lot from the various programs launched by the Federal Reserve, the Treasury and the FDIC, and are now in a much better shape, many smaller banks are still in a very weak financial state, and the FDIC&#8217;s list of problem banks continues to grow. Further, government efforts have not succeeded in ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
	</channel>
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