Financial Biz Review: Blackstone On Top Picks Live, Nationstar Consortium Will Bid For ResCap

Citigroup adds The Blackstone Group (NYSE:BX) to its Top Picks Live list along with raising its price from $18 to target to $20 following Thursday’s positive earnings. A Buy was issued by Glenn Schorr at Nomura who said that, “Plenty of moving parts as always, but earnings, AUM and flows are growing.”

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A consortium composed of Nationstar Mortgage Holdings (NYSE:NSM), Ocwen Financial Corporation (NYSE:OCN), and Walter Investment Management Corp. (AMEX:WAC) will likely bid for ResCap’s mortgage servicing assets in a bankruptcy auction next week, say sources. Already, the former already has entered a starting offer of $2.45 billion with final bids due by the end of business next Friday.

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