Ocwen Financial Corp (NYSE:OCN) tumbled Thursday on backdrop of Consumer Financial Protection Bureau official’s statement that the non-bank services will come under the scanner of the agency and will be subjected to scrutiny as there has been a lack of progress at these organizations. Moreover, Ocwen has not been able to raise enough of proceeds from sale of Servicing notes. Against the expections placed by the underwriters of $136 million, Ocwen Financial Corp (NYSE:OCN) has been able to receive only $123.6 million. The Servicing notes were secured by the mortgage servicing rights and were subjec to the credit risk associated with Ocwen. Ocwen Financial Corp (NYSE:OCN) stock opened at $36.58 in last session, and closed at $37.54, while the day range of OCN stock is $35.10-$39.27.The stock showed a negative weekly performance of -1.21%.
Altisource Portfolio (NASDAQ:ASPS) shares rose 5.5% during trading on Friday following insider buying activity, AmericanBankingNews.com reports. The Altisource Portfolio (NASDAQ:ASPS) traded as high as $114.10 and last traded at $113.00, with a volume of 358,940 shares trading hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) stock opened at $107.57, in last session and closed at $113.55, by gained 5.98%.The 52 week range was $66.97-$171.00.Company’s market capitalization is $2.60 billion.
Springleaf Holdings, Inc. (NYSE: LEAF) announced that its 2014 Annual Meeting of Stockholders will be held in Evansville, Indiana, on Wednesday, May 28, 2014, at 10:30 AM, local time. The Springleaf Holdings, Inc. (NYSE: LEAF) fixed April 1, 2014 as the record date for the determination of stockholders entitled to notice of and to vote at the meeting. Springleaf Holdings Inc (NYSE:LEAF) stock gained 6.39% and finished the last session at $26.14.The EPS of the stock remained -1.27.Company’s market capitalization is $3.00 billion.
JGWPT Holdings, Inc. (NYSE:JGW) announced that it has issued, through JGWPT XXXI LLC, $233,943,000 of Fixed Rate Asset Backed Notes. The notes will primarily be collateralized by payments from a pool of rights arising under court ordered structured settlement payment purchase contracts, court ordered lottery payment purchase contracts and annuity contracts originated by the J.G. Wentworth and Peachtree Financial Solutions companies. JGWPT Holdings Inc (NYSE:JGW) stock opened the session at $15.37, and closed the session at $16.95.The 52 week range of the JGW stock remained $12.50-$18.00 and the day range was $15.34-$17.20.