Home Loan Servicing Solutions Ltd
The Baupost Group lowered its position in Ocwen Financial (OCN) during 4Q14. The position accounted for 1.77% of the total portfolio in 4Q14.
Omega’s Leon Cooperman criticized Altisource’s poor capital allocation plan for its $200-million share buyback when the stock was trading at $104.
Omega Advisors added to its position in Altisource Portfolio Solutions this month. It holds 2,257,451 shares, an 11.14% stake, via an amended 13G filing.
Omega’s 13F filing revealed that it increased its stake in Ocwen Financial. The position currently accounts for 1.27%, up from 0.12% of the fund’s first quarter of 2014 (or 1Q14) portfolio. Ocwen Financial is a financial services holding company that, through its subsidiaries, is one of the largest mortgage companies in the U.S.