Wells Fargo Nixed Deal With Ocwen To Hurt Altisource?

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...