Ocwen Financial has re-initiated its two-year-old stock repurchase program after a nine-month suspension, according to an 8-K filing with the Securities and Exchange Commission.The stock repurchase program was originally announced on October 31, 2013, by the Ocwen board of directors, for an aggregate of $500 million of the company’s issued and outstanding shares of common stock. The company announced that it was suspending the stock repurchase program on February 5, 2015.“The company believes it is appropriate at this time to reinitiate our stock repurchase program effective November 19, 2015,” Ocwen said in the SEC filing. “As of November 19, 2015, the approximate remaining value of shares that may be repurchased under the program is $129.7 million.”When contacted by DS News, Ocwen declined to comment on the re-initiation of the stock repurchase program. In the SEC filing, the company said there can be no assurance to how many shares it will purchase at any given period under the share repurchase program, if any at all are repurchased. Purchases under Ocwen’s program may be made on market or in privately negotiated transactions, according to the filing.Ocwen announced earlier in November that it had closed an offering of fixed-rate asset-backed term notes issued by Ocwen Master Advance Receivables Trust (OMART) and totaling $600 million in aggregate principal. The sale of the notes marks a bright spot for the Atlanta-based servicer after a down third quarter. In late October, Ocwen announced a net loss of $66.8 million for the quarter. Also, toward the end of September, Ocwen laid off about 300 employees, or approximately 10 percent of its U.S. workforce. In mid-September, toward the end of Q3, Ocwen settled a class action suit for $140 million in a Miami court with homeowners who had sued over inflated “force placed insurance” premiums. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Home / Daily Dose / Ocwen Re-Initiates Stock Repurchase Program About Author: Brian Honea Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Ocwen Financial Stock Repurchase Program Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Ocwen Re-Initiates Stock Repurchase Program The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Ocwen Financial Stock Repurchase Program 2015-11-26 Brian Honea November 26, 2015 950 Views Previous: Two New York Senators Allocate $120K to Foreclosure Prevention Next: Consumers More Likely to Choose Non-Mortgage Debt Over Mortgages Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago
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Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago July 17, 2018 1,912 Views Servicers Navigate the Post-Pandemic World 2 days ago Appeals court Decision Fannie Mae FHFA Freddie Mac GSEs Treasury 2018-07-17 Radhika Ojha Previous: Michigan’s Lingering Housing Crisis Next: The Economy is ‘Considerably Stronger’ Says Powell The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Related Articles in Daily Dose, Featured, Government, News Sign up for DS News Daily Tagged with: Appeals court Decision Fannie Mae FHFA Freddie Mac GSEs Treasury Demand Propels Home Prices Upward 2 days ago Appeals Court Finds FHFA Structure Unconstitutional Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Appeals Court Finds FHFA Structure Unconstitutional Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Fifth Circuit U.S. Court of Appeals recently concluded that the leadership structure of the Federal Housing Finance Agency (FHFA) was unconstitutional. The three-member panel of judges led by Chief Judge Carl Stewart was hearing a case filed by three shareholders of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac against the FHFA, its Director as well as the Treasury and its Secretary.The shareholders contended that the Treasury and the FHFA exceeded their statutory authority under the Housing and Economic Recovery Act (HERA) of 2008 and challenged an agreement between the FHFA as conservator to Fannie and Freddie and the Treasury Department. Under the agreement in question, the shareholders claimed that the Treasury provided billions of taxpayer dollars in capital. In exchange, the GSEs were required to pay the Treasury quarterly dividends equal to their entire net worth in an exchange known as the “net worth sweep.” The shareholders were unhappy with the bailout out terms of this agreement and filed a suit arguing that the agreement rendered their shares valueless.They also contended that the agreement was arbitrary and capricious under the Administrative Procedure Act, 5 U.S.C. § 706(2)(A) (“APA”), while claiming that the FHFA was unconstitutionally structured because it was headed by a single Director, “removable only for cause, does not depend on congressional appropriations, and evades meaningful judicial review.”After the hearing, the three-member bench dismissed the shareholders’ statutory claims and granted summary judgment in favor of the FHFA and Treasury on the constitutional claim. “Because we find that the FHFA acted within its statutory authority by adopting the net worth sweep, we hold that the Shareholders’ APA claims are barred by § 4617(f),” the judges ruled. “But we also find that the FHFA is unconstitutionally structured and violates the separation of powers. Accordingly, we affirm in part and reverse in part.”A recent ruling by a New York Judge had also upheld a previous ruling that said the Bureau of Financial Protection (BCFP) was unconstitutional for the same reason.Read the detailed ruling and background of the case here.Learn More about recent BCFP rulings:CFPB vs. PHH Dismissed: RESPA Enforcement ImplicationsCFPB vs. PHH—An Unexpected Conclusion Share Save Demand Propels Home Prices Upward 2 days ago Subscribe
Pinterest Google+ Google+ Three factors driving Donegal housing market – Robinson WhatsApp A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/01/Farming-11.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Wednesday May 26th Twitter Highland’s Farming News – Thursday 15th January Previous article345 homes to remain without power in West Donegal overnightNext articleBreakout Episode 1 admin Pinterest Facebook 448 new cases of Covid 19 reported today WhatsApp Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme NPHET ‘positive’ on easing restrictions – Donnelly By admin – January 15, 2015 Help sought in search for missing 27 year old in Letterkenny NewsPlayback Facebook RELATED ARTICLESMORE FROM AUTHOR
Pinterest Donegal patients travelling north to save money on prescription drugs By News Highland – August 11, 2012 WhatsApp Google+ Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson The cost of medicine in the north versus the south is back in the spotlight again with claims that private patients in Donegal and other Border counties are crossing to buy their prescription drugs much cheaper.It is estimated that heart patients who don’t have medical cards can save up to €80 on a month’s supply of six commonly prescribed cardiac drugs by having their prescriptions dispensed in the North.This could amount to savings of about €960 in a year.The cost of medicine on the north versus the south is back in the spotlight again with claims that private patients in Donegal and other Border counties are crossing to buy their prescription drugs much cheaper.It is estimated that heart patients who don’t have medical cards can save up to €80 on a month’s supply of six commonly prescribed cardiac drugs by having their prescriptions dispensed in the North.This could amount to savings of about €960 in a year.The Independent reports that two chemists in Co Donegal quoted a total price of €96.54 and €96 respectively for a month’s supply of six commonly used drugs.Two chemists in Derry city, by contrast, quoted €17.80 and €21.62 respectively for a month’s supply of the same six drugs.Another Derry chemist quoted €38.15 for the six.The major savings reflect a recent report revealing that the HSE is paying 12 times more for drugs than the UK’s National Health Service.Talks are due to begin next week aimed at significantly reducing the State drugs bill.The general manager of Bradley’s chain of pharmacies in the North, John McArdle, said many patients were travelling from the Republic for their prescriptions.He told the newspaper that people in the know have been doing it for years but the majority of patients wouldn’t know they can get this service in the North.The Irish Pharmacy Union said community pharmacists have “no role” in deciding the base price of medicines, which are set by agreement between the HSE and the major pharmaceutical manufacturers. Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH WhatsApp News Pinterest Facebook Twitter Facebook Twitter Previous articleTraffic disruption in Derry for Apprentice Boys paradeNext articleMalin Divisional Controller hopeful rescue record will be considered News Highland Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey
Three factors driving Donegal housing market – Robinson WhatsApp WhatsApp RELATED ARTICLESMORE FROM AUTHOR Previous articleMc Conalogue says cap on SNAs and resource teachers must be liftedNext articleSF survey finds 25% of Donegal crime victims don’t report it to gardai News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Pinterest Pinterest It’s emerged that an assessment of last year’s planning review had to skip the section relating to Donegal, because judicial review proceedings are underway in relation to it.The independent assessment of the Planning Review was commissioned by Junior Minister Jan O’Sullivan and carried out by Henk van der Kamp, the Head of Spatial Planning at Dublin Institute of Technology.The Planning Review, published in June 2012, contained 12 recommendations relating to planning policy and practice which flowed from the analysis of how a range of cases were dealt with by a number of planning authorities, including Donegal County Council.Mr. van der Kamp’s report supports the appropriateness and effectiveness of nine of these 12 recommendations.They include more provisions for widespread public consultation and an emphasis on the need for councils to review planning decisions and policies, particularly where such decisions are overturned by An Bord PleanálaHowever, the review doesn’t concur with three recommendations, including one that there should be a structured dialogue between planning authorities and An Bord Pleanála, and that all permissions that contravene a Development Plan should be automatically referred to An Bord Pleanála.Minister Jan O’Sullivan says as judicial review proceedings are ongoing in relation to the section ofr the Planning Review relating to Donegal County Council, Mr. van der Kamp’s published report does not cover the Donegal section of the report. Twitter Google+ Guidelines for reopening of hospitality sector published News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Donegal section excluded from assessment of planning review because of legal proceedings By News Highland – March 11, 2013 Facebook Twitter Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey
Facebook WhatsApp Dail to vote later on extending emergency Covid powers Minister McConalogue says he is working to improve fishing quota Homepage BannerNews Cllr Patsy Kelly Twitter Dail hears questions over design, funding and operation of Mica redress scheme 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter WhatsApp Google+ Pinterest Strabane has lost out once again – Cllr Patsy Kelly Previous articleDACC to meet with Minister for Health about breast cancer unit at LGHNext articleFormer Fine Gael Junior Minister for Small Business convicted and fined for speeding offence News Highland RELATED ARTICLESMORE FROM AUTHOR Google+ By News Highland – February 21, 2015 Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Pinterest Martin McGuinness announced earlier this week the redevelopment of a former army base in Ballykelly in Derry which he said, will create thousands of jobs.SDLP Cllr Patsy Kelly says those jobs should have been awarded to Strabane, who initially topped the criteria when the project was first announced over two years ago.Clllr Kelly believes Strabane has lost out enormously, and is calling on questions to be answered:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/straba1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.
Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleGAA – McGuinness Collects Latest AwardNext articleSoccer – Derry Beat Harps At Finn Park News Highland Pinterest Twitter Google+ By News Highland – February 25, 2013 Facebook Google+ Twitter Watch: The Nine Til Noon Show LIVE WhatsApp Facebook WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Pinterest RELATED ARTICLESMORE FROM AUTHOR News Dail hears questions over design, funding and operation of Mica redress scheme Dail to vote later on extending emergency Covid powers Plan to cut 1 billion euro from public sector passed to unions PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal The Minister for Public Expenditure and Reform has confirmed that a document proposing 1 billion euro worth of cuts to the public sector has been handed over to unions.The unions will now consider the document, before deciding whether or not they agree with it.Minister Brendan Howlin is briefing the Taoiseach, the Finance Minister and the Tánaiste today.He will brief the full cabinet on the contents of the document tomorrow.His Cabinet colleague, Minister for Communications Pat Rabbitte, says no section of the public service can be exempt from reform in a bid to make savings on the public service bill.”(I) can’t see any circumstances where walking out would allow you to ring-fence yourself from making a contribution” he said.”So…individual union executives, leaders made their decisions – but it would appear to me that no section of the public service can be exempt, but that the principal of fairness ought to apply that those who can afford most should contribute most” he added.
Homepage BannerNews Pinterest By admin – June 19, 2015 Its been revealed that some parts of Donegal may not get broadband for six years.In a reply to a question submitted to the Minister by Donegal Deputy Thomas Pringle, he was informed that many areas in the Northwest would not have high speed broadband until 2021.There are currently 83,935 premieses in the North West region without broadband.Deputy Thomas Pringle says this isn’t good enough and the government needs to make Donegal a priority………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/06/pringbroad.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Previous articleMan jailed in Derry following Northland Road stabbing incidentNext articleJoule Donegal International Rally Day 1 Preview admin PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest Google+ WhatsApp Pringle told some parts of Donegal won’t have broadband until 2021 Google+ Facebook Dail to vote later on extending emergency Covid powers WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook HSE warns of ‘widespread cancellations’ of appointments next week Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic
Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal By News Highland – January 14, 2011 Mc Hugh wants new A&E unit to open immediately RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic Facebook WhatsApp WhatsApp Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powers News Pinterest Google+ Google+ Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry HSE warns of ‘widespread cancellations’ of appointments next week Previous articleBuncrana councillor still won’t accept IDA reprioritisationNext articleOireachtas committee to hold hearing into N2-A5 improvements News Highland There is a crisis waiting to happen at Letterkenny General Hospitals Emergency Unit if the A&E Unit doesn’t open soon, according to Donegal North-East Deputy, Joe McHugh.In the past fortnight 1820 patients have visited Letterkennys A&E Department.And some patients have had to be treated in ambulances because there is no space.Deputy McHugh says the new A&E unit must open now, and not two months time……….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/01/jmch830.mp3[/podcast] Facebook
365 additional cases of Covid-19 in Republic WhatsApp By News Highland – October 28, 2010 Pinterest Google+ WhatsApp Previous articleGardaí investigating dissident republican activity found cable ties in carNext articleHighland Radio continues to be the country’s most listened to local radio station News Highland Hundreds stranded at City of Derry Airport today News Twitter 75 positive cases of Covid confirmed in North Facebook Google+ Around 300 holiday-makers have been stranded after some flights to and from City of Derry Airport were cancelled.A strike by air traffic controllers in France led to the cancellations today.Ryanair cancelled four flights to and from Faro in Portugal and Alicante in Spain.Passengers, who were due to travel on those flights, have been advised to check with the airlines. Pinterest Twitter Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Facebook Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire