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News Breaks
July 14, 2014
16:17 EDTOCNOcwen Financial announces repurchase from WL Ross & Co. Managed Funds
Ocwen Financial announced that earlier the 62,000 outstanding shares of its Series A Perpetual Convertible Preferred Stock were converted into common stock and immediately repurchased and cancelled. "This transaction is in addition to our strategy to repurchase shares of common stock roughly equivalent to our prior period earnings pursuant to our previously announced share repurchase program," commented Bill Erbey, Ocwen's Executive Chairman.
News For OCN From The Last 14 Days
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October 2, 2015
11:26 EDTOCNNew Residential repays $2.5B of HSART term notes at par
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September 24, 2015
10:31 EDTOCNOcwen announces workforce reduction at Iowa facility
Ocwen announced that as part of an ongoing cost improvement initiative the company will reduce its workforce at its Waterloo, Iowa residential servicing facility. The decision will affect approximately 300 residential servicing employees, which is 10% of the company's approximately 2,900 U.S. employees. All impacted employees will have the opportunity to apply for employment at other Ocwen facilities, including 130 open positions at the Coppell, Texas facility. The company will also seek to lease approximately half of its 155,000 sq. foot facility in Waterloo, and it is working closely with the City of Waterloo and the Greater Cedar Valley Alliance & Chamber's office of Economic Development to source the right tenant.

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