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Stock impact report

Zacks Industry Outlook Highlights PennyMac Financial, Federal Agricultural Mortgage and Ocwen Financial [Yahoo! Finance]

Ocwen Financial Corporation NEW (OCN) 
Last ocwen financial corporation new earnings: 5/2 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Industry: Mortgage Services Link: https://www.zacks.com/commentary/2241421/3-mortgage-related-services-stocks-to-buy-on-industry-recovery The Zacks Mortgage & Related Services industry is poised to benefit from expectations of interest rate cuts, which is anticipated to propel mortgage production activity. Continued pullback of banks from mortgage lending due to new capital requirements for mortgage-related assets and bright prospects of the reverse mortgage industry is likely to aid gains-on-sale (GOS) margins. As the industry recovers from a high interest-rate scenario, it might be wise to focus on mortgage service providers like PennyMac Financial Services Federal Agricultural Mortgage and Ocwen Financial Industry Description The Zacks Mortgage & Related Services industry comprises providers of mortgage-related loans, refinancing and other loan-servicing facilities. Numerous banks have been retreating from the mortgage business due to higher compliance and capital requir Show less Read more
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