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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 | |
|---|---|---|---|---|---|---|---|---|
| 1.73 | 6.73% | 27.45 | 27.73 | 25.2399 | 25.92 | 57,307 | 23:57:30 |
From May 2019 to May 2024
Mortgage-servicing company Ocwen Financial Corp., which has faced regulatory problems and other challenges for the past two years, said its Houston facility will discontinue residential-servicing operations.
The move will affect about 140 employees out of a companywide workforce of about 3,200. The workers may apply for positions at other Ocwen servicing sites.
Ocwen said the decision is intended to streamline its number of call-center sites, eliminate redundancies and increase effectiveness.
The company reached a December settlement with New York state regulators over alleged improper servicing practices for distressed borrowers.
Ocwen is trying to cut its risk exposure by selling servicing rights for mortgages owned by government-supported Fannie Mae and Freddie Mac.
Write to Josh Beckerman at josh.beckerman@wsj.com
Access Investor Kit for Ocwen Financial Corp.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US6757463095
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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