The sale of former nonprime lender Saxon Mortgage Services Inc. has been completed. While the deal will likely create a top-10 servicer, it also resulted in hundreds of layoffs and a consent order against a Wall Street giant. Saxon has been acquired by Ocwen Financial Corp. from Morgan Stanley for $73.8 million. Saxon was originally [...]
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Saxon Sale Signed, Sealed & Delivered
April 4th, 2012 
davidguide 
Posted in Business Loans 
Tags: consent, Inc., Morgan, mortgage services inc, nonprime, ocwen financial corp, Saxon, saxon mortgage services, saxon mortgage services inc, Servicer, subprime mortgages 
Comments OffHarman jumps 7% on upgrade
December 1st, 2010 davidguide SAN FRANCISCO (MarketWatch) — Harman International shares jumped more than 7% to $46.69 early Wednesday after J.P. Morgan upgraded the high-end audio systems maker to overweight on increased demand for luxury cars and improved margins. The broker also raised the price target on Harman shares to $52 from $39. The stock has rallied 33% so [...]
Posted in Business Structures Tags: Harman, harman international, International, international shares, jumps, market pulse, MarketWatch, Morgan, news, price target, SAN FRANCISCO, short news, Stories, upgrade, Wednesday Comments Off
