Edwin Groshans

Ocwen Financial Corp (NYSE: OCN) shares are down another 4.0 percent in early Friday trading after plummeting more than 50 percent on Thursday. More than 20 states issued cease-and-desist orders against the company related to alleged mismanagement of escrow accounts and the company’s poor...

The Puerto Rico Electric Power Authority (PREPA) has agreed to a new debt deal with its creditors, but the U.S. territory is still teetering on the brink of bankruptcy. Earlier this month, PREPA and its creditors agreed to restructure $8.9 billion in debt in a deal that would save $2.2 billion over...

The path forward for Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shareholders has gotten much narrower in the past five months. According to Height Securities' Edwin Groshans, that path may also be much longer than investors realize. Fannie...

With Title VI now looking a pipedream and Title III Restructuring a near certainty in Puerto Rico, Height Securities said in a note released on Monday, the latter would result in significant paid claims for companies such as Assured Guaranty Ltd. (NYSE: AGO), MBIA Inc. (NYSE: MBI) and Ambac...

After comments from newly-appointed Treasury Secretary Steven Mnuchin renewed investor optimism and lifted the share prices of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) in late 2016, investors have spent most of 2017 trying to identify the...

If there’s one thing Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors are used to these days, it’s waiting. A According to Congressional staffers, Fannie Mae and Freddie Mac investors will likely be waiting until at least...

The latest numbers from Black Book (BB) seem to confirm that the U.S. auto market has peaked. BB just launched its brand new BB Used Vehicle Retention Index (UVRI), which indicates that used car prices declined by 6.0 percent in 2016. So far in 2017, that trend seems to have continued. The latest...

Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Assctn Fnni Me (OTC: FNMA) shares are each down more than 22 percent on Tuesday after an appeals court upheld a ruling that hedge funds may not sue to challenge the legality of two government-sponsored enterprises (GSEs) net...