Saturday, October 27, 2012 6:09:11 PM
List of some Mortagage based Financials that are flying off the back of the acquisition of some of the Ally(GMAC) Mortgage assets...
3 years ago these stocks would have been shorted to oblivion for doing this but I guess since Buffet is doing it that means its a golden opportunity LOL!
http://beta.fool.com/insidermonkey/2012/10/25/billionaire-julian-robertson-looks-right-ocwen/15176/?ticker=OCN&source=eogyholnk0000001
http://www.reuters.com/article/2012/10/26/ally-mortgages-idUSL1E8LQ31N20121026?feedType=RSS&feedName=marketsNews&rpc=43
Ocwen Financial Corp and Walter Investment Management Corp won Ally's mortgage servicing and lending business with a $3 billion bid, while Warren Buffett's Berkshire Hathaway Inc won a loan portfolio with a $1.5 billion offer. A sale approval hearing will be held in bankruptcy court on Nov. 19.
3 years ago these stocks would have been shorted to oblivion for doing this but I guess since Buffet is doing it that means its a golden opportunity LOL!
http://beta.fool.com/insidermonkey/2012/10/25/billionaire-julian-robertson-looks-right-ocwen/15176/?ticker=OCN&source=eogyholnk0000001
http://www.reuters.com/article/2012/10/26/ally-mortgages-idUSL1E8LQ31N20121026?feedType=RSS&feedName=marketsNews&rpc=43
Ocwen Financial Corp and Walter Investment Management Corp won Ally's mortgage servicing and lending business with a $3 billion bid, while Warren Buffett's Berkshire Hathaway Inc won a loan portfolio with a $1.5 billion offer. A sale approval hearing will be held in bankruptcy court on Nov. 19.
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