Citigroup’s $10 Billion Settlement, AIG Declines to Sue Government: Weekly Financial Biz Recap
Here’s your Cheat Sheet to this week’s top financial industry business headlines:
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Bank of America Corporation (NYSE:BAC): Current Price $12.05
Ocwen Financial Corporation (NYSE:OCN) is among companies said to be in discussions with BofA to acquire the mortgage servicing rights on more than $300 billion of loans of its loans, say inside sources, who were unsure as to how much each firm might buy of the rights or the prices involved. Other firms reportedly involved are Nationstar Mortgage Holdings and Walter Investment Management Corporation.