Home News Ocwen settles with CA; shares +3% after hours – Ocwen Financial Corporation...

Ocwen settles with CA; shares +3% after hours – Ocwen Financial Corporation (NYSE:OCN)

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The settlement means Ocwen (NYSE:OCN) will again be able acquire MSRs on California homes, and the exit of the costly independent auditor.

It doesn’t come cheap though – Ocwen will pay a $25M fine (already reserved for) and another $198M in debt forgiveness through mortgage modifications over the next three years.

Shares +3.24% in busy after hours action.



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