Shares of Credit Suisse Group AG (ADR) (NYSE:CS) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -0.90% at $13.15 with 3.91 million shares getting traded. Post opening the session at $13.32, the shares hit an intraday low of $13.09 and an intraday high of $13.33 and the price vacillated in this range throughout the day. The company has a market cap of $27.89 billion and the numbers of outstanding shares have been calculated to be 2.08 billion shares.
Credit Suisse Group AG (ADR) (CS) provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers a range of advice and financial solutions, including structured advisory; investment advice; wealth and asset management; fixed income products and instruments; securitized products; M&A transactions; corporate sales and restructurings; divestitures; takeover defense strategies; equity and debt underwritings; equity and fixed income sales; debt and equity securities; private placements; and trading services, as well as derivative products.
Shares of Ocwen Financial Corp (NYSE:OCN) ended Tuesday session in red amid volatile trading. The shares closed down -0.11 points or -3.20% at $3.33 with 2.23 million shares getting traded. Post opening the session at $3.40, the shares hit an intraday low of $3.26 and an intraday high of $3.52 and the price vacillated in this range throughout the day. The company has a market cap of $422.71 million and the numbers of outstanding shares have been calculated to be 123.99 million shares.
Ocwen Financial Corp (OCN) announced that they will host a Help & Hope for Homeowners borrower outreach event in Des Moines, Washington on September 10, 2016. The event will be held in Des Moines to attract borrowers from Seattle and Tacoma as well as the surrounding areas, where delinquency rates remain relatively high.
The event for Ocwen customers will be held from 8:00 a.m. to 2:00 p.m. at the Highline College Student Union Center (Building 8) at 2400 S. 240th Street in Des Moines, Washington. The event will offer borrowers the opportunity to meet with Ocwen Home Retention Agents and U.S. Department of Housing and Urban Development (HUD)-approved financial counselors to explore loan modifications and other options, including principal reduction programs, to make their homes more affordable.
According to RealtyTrac, in King County – which includes Seattle – one in 2,353 homes is in foreclosure. In certain pockets of the city the foreclosure rate is much higher, such as in Seattle’s Industrial District where the foreclosure rate is one in every 253 homes. In neighboring Pierce County – which encompasses Tacoma – the rate is one in every 1,022 homes. In Tacoma, one in 980 properties is in foreclosure. In Des Moines, one in 844 properties is in foreclosure.
Ocwen is a leader in helping struggling borrowers remain in their homes, having completed more than 680,000 loan modifications to date, many of which included a principal reduction for borrowers whose mortgage exceeded the current value of their home. Ocwen is also a leading participant in the Government’s HAMP program, responsible for over 30 percent of new HAMP volume and 42 percent of HAMP modifications involving principal reduction.
“Like many metropolitan areas, families around Seattle are still at risk of losing their homes and need help now,” commented Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “Our Help & Hope for Homeowners events offer real solutions and relief to distressed homeowners. The NAACP is a trusted resource in the Seattle and Tacoma area, and together we are committed to helping borrowers qualify for loan modification options so they can better afford their homes.”