Mortgage Investment Stocks Under Scanner -- Ally Financial, Ocwen Financial, Santander Consumer USA, and Nationstar Mortgage

Aug 01, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, August 1, 2016 /PRNewswire/ --

This morning, assesses the U.S. Mortgage Investment industry as experts anticipates both mortgage rates and home prices to rise with a fresh interest rate hike from the Fed, stronger U.S. gross domestic product growth and a moderately stronger jobs market. Positive improvements are expected for the housing market as it slowly recovers this year. In light of this, investors can expect opportunities ahead. Let us see how the following stocks have fared lately: Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Nationstar Mortgage Holdings Inc. (NYSE: NSM). You can access of our complimentary research reports on these mortgage investment stocks now at:

Ally Financial  

Last Friday, shares in Detroit, Michigan-based Ally Financial Inc. ended the session 0.89% higher at $18.04. The stock recorded a trading volume of 3.71 million shares. The Company's shares have advanced 13.17% in the last month and 1.29% in the previous three months. The stock is trading 5.98% above its 50-day moving average and 0.67% above its 200-day moving average. Moreover, shares of Ally Financial, which provides a range of financial products and services primarily to automotive dealers and their retail customers in the U.S., have a Relative Strength Index (RSI) of 60.44.

On July 19th, 2016, the board of directors of Ally Financial declared a quarterly cash dividend of $0.08 per share of the company's common stock, payable on August 15th, 2016, to shareholders of record at the close of business on August 01st, 2016. Additionally, the board authorized a common stock repurchase program of up to $700 million beginning in Q3 of 2016. Visit us today and download your complete report on ALLY for free at:

Ocwen Financial  

West Palm Beach, Florida headquartered Ocwen Financial Corp.'s stock jumped 10.50%, to close the day at $2.00. A total volume of 3.91 million shares was traded, which was above their three months average volume of 2.41 million shares. The Company's shares have advanced 25.79% in the past month and are trading 14.30% above their 50-day moving average. Additionally, shares of Ocwen Financial, which engages in servicing and origination of mortgage loans in the U.S., have an RSI of 63.09.

On July 27th, 2016, Ocwen Financial reported a net loss of $87.2 million, or $0.71 loss per share, for Q2 FY16. The company reported that Pre-tax loss for Q2 FY16 was $96.4 million, which reflects a $5.7 million improvement from Q1 FY16. The Lending segment recorded a $7.5 million pre-tax gain for Q2 FY16, a $5.5 million improvement from Q1 FY16. The new Automotive Capital Services business continued to make progress, increasing loans outstanding by $8.6 million, or 110% in Q2 FY16. The complimentary research report on OCN can be accessed at:

Santander Consumer USA Holdings  

Shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. recorded a trading volume of 4.14 million shares at the close of the last trading session, which was above their three months average volume of 1.91 million shares. The stock ended the day 3.60% lower at $10.99. The Company's shares have advanced 4.67% in the last one month. The stock is trading below its 50-day moving average by 3.30%. Furthermore, shares of Santander Consumer USA Holdings, which provides vehicle finance and third-party servicing in the U.S., have an RSI of 44.29.

On July 25th, 2016, Santander Consumer USA Holdings announced that it will delay the release of its Q2 2016 financial results, previously scheduled for July 27th, 2016, because its financial statements for the quarter have not yet been completed.

On July 26th, 2016, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight'. The research firm also revised downwards its target price from previous $15 per share to $10 per share. Register for free on and download the PDF Research Report on SC at:

Nationstar Mortgage Holdings  

Coppell, Texas headquartered Nationstar Mortgage Holdings Inc.'s shares finished Friday's session 1.53% higher at $12.63. A total volume of 1.22 million shares was traded, which was above their three months average volume of 631,000 shares. The stock has advanced 12.57% in the last one month and 8.97% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 5.73% and 7.37%, respectively. Furthermore, shares of Nationstar Mortgage Holdings, which provides servicing, origination, and transaction based services primarily to single-family residences in the U.S., have an RSI of 63.46.

On June 15th, 2016, Nationstar Mortgage Holdings was selected by Seneca Mortgage Servicing LLC as the subservicer for existing and future acquisitions of mortgage servicing rights held by Seneca. Along with the subservicing, Nationstar will expand its presence in the northeast as the Company assumes Seneca's existing site, including many highly skilled team members involved in the servicing of the existing portfolio. Get free access to your research report on NSM at:


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