February 2012

A Feb. 25 story, Home Loan Servicing's Erbey Says No to Taxes After Saying Yes to TARP erroneously reported that Ocwen ( OCN) had failed to pay back funds borrowed from the federal Troubled Asset Relief Program (TARP). The type of funds the company received were incentive payments under the Home Affordable Modification Program (HAMP), related to mortgage modifications, which do not require repayment. TheStreet regrets the error. ( Corrected Feb. 27)


A Feb. 25 article, Buffett Explains Key Math in IBM, Wells Fargo Investments, erroneously stated that Berkshire Hathaway's ( BRK.A) shares are trading at a bit more than 80% of book value. In fact, they are trading at about 125% of book value. TheStreet regrets the error. ( Corrected Feb. 27)


A Feb. 2 story, Zillow: Is it Monetizing Mobile? gave an incorrect date for when the real estate Web site would report its fourth-quarter earnings. Zillow ( Z) is not reporting on Feb. 2, but said it expects to report midmonth. TheStreet regrets the error. ( Corrected Feb. 2)


This article was written by a staff member of TheStreet.

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