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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ocwen Financial Corp | NYSE:OCN | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.28 | 25.79 | 24.88 | 25.74 | 15,110 | 23:56:12 |
From May 2019 to May 2024
Ocwen Financial Corp. said Thursday that it plans to cut about 300 residential servicing jobs at its Waterloo, Iowa, facility, accounting for about 10% of its total U.S. workforce.
The embattled mortgage-servicing company said the employees can apply for jobs at other Ocwen facilities and it will try to lease out half of the building.
After more than a year of problems with regulators, Ocwen has been working to sell some of its mortgage-servicing rights and concentrate on mortgages not owned by government agencies. In May, the company said it would discontinue residential-servicing operations at its Houston facility, affecting about 140 employees.
Shares of Ocwen, down 74% in the past year, were up 1.9% at $7 a share in morning trading.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 24, 2015 11:25 ET (15:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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