Shares of Forest City Realty Trust Inc (NYSE:FCE.A) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -0.27% at $22.52 with 4.93 million shares getting traded. Post opening the session at $22.53, the shares hit an intraday low of $22.43 and an intraday high of $22.65 and the price vacillated in this range throughout the day. The company has a market cap of $5.66 billion and the numbers of outstanding shares have been calculated to be 241.56 million shares.
Forest City Realty Trust Inc (FCE.A) engaged in the ownership, development, management and acquisition of commercial, and residential real estate and land throughout the United States. The Company’s segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. The Commercial Group segment owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects. The Residential Group segment owns, develops, acquires and operates residential rental properties, including upscale and middle-market apartments, re-use developments, for-sale condominium projects and subsidized senior housing. The Land Development Group segment acquires and sells both land and developed lots to residential, commercial and industrial customers at its Stapleton project in Denver, Colorado. It conducts all of its business, through the Operating Partnership, Forest City Enterprises, L.P.
Shares of Ocwen Financial Corp (NYSE:OCN) ended Friday session in green amid volatile trading. The shares closed up +0.16 points or 4.76% at $3.52 with 4.80 million shares getting traded. Post opening the session at $3.35, the shares hit an intraday low of $3.34 and an intraday high of $3.55 and the price vacillated in this range throughout the day. The company has a market cap of $423.29 million and the numbers of outstanding shares have been calculated to be 123.99 million shares.
Ocwen Financial Corp (OCN) on Sept. 16, 2016 announced that according to the recently released U.S. Department of the Treasury Making Home Affordable Performance Program (MHA) Report, Ocwen is the leader in helping struggling homeowners stay in their homes through the Home Affordable Modification Program (HAMP).
The MHA Report, which provides results through the second quarter of 2016, includes activity related to the new Streamline HAMP modifications program. According to the MHA Report, during the second quarter of 2016, Streamline HAMP modifications made up a significant proportion of overall new HAMP modification activity. Preliminary data suggests that Streamline HAMP is offering many borrowers who have not previously participated in a MHA program a new opportunity for a modification.
In the second quarter of 2016, the Streamline HAMP program helped 7,811 families receive a loan modification. Ocwen was responsible for 4,112 or 53% of the total Streamline HAMP modifications completed industrywide. Since the inception of the Streamlined HAMP modification program earlier this year, Ocwen has helped approximately 19,000 homeowners in need initiate a trail plan under the program.