REFILE-BUZZ-U.S. STOCKS ON THE MOVE-Netlist, Ocwen, Tilly's, ChannelAdvisor
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U.S. stocks rallied on Tuesday to rebound from a two-day decline as investors shrugged off another decline in oil prices and shifted attention to corporate earnings season. The Dow Jones industrial average was up 1.03 percent at 17,823.05, the S&P 500 was up 0.84 percent at 2,045.21 and the Nasdaq Composite was up 1.69 percent at 4,743.43.
** OCWEN FINANCIAL CORP, $8.7, -28.63 pct
** ALTISOURCE PORTFOLIO SOLUTIONS SA, $18.73, -30.48 pct
** HOME LOAN SERVICING SOLUTIONS LTD, $18.73, -30.48 pct
California is seeking to suspend the license of the mortgage servicer, which failed to submit papers showing it complies with state laws, the Los Angeles Times reported. (lat.ms/1AaOfFN)
Losing license to service mortgages in California would mean the company would have to sell its bill collection and foreclosure rights in the state, the report said.
Shares of Ocwen affilate Altisource and rival Home Loan Servicing Solutions also dipped on the news. Continued...