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July 16, 2014
07:07 EDTOCNOcwen Financial creates Community Advisory Council
Ocwen Financial announced the creation of a Community Advisory Council. The Council will provide a forum for Ocwen leaders and community advocates to share ideas, discuss policy issues and collaboratively identify opportunities for Ocwen to have a positive impact on local communities, particularly those hit hardest by the economic downturn. The Council will work with Ocwen to consider issues such as principal reduction modifications for families with underwater mortgages; reducing urban blight; helping communities of color that have been hardest hit by the mortgage crisis; and improving language access to borrowers with limited English proficiency. The Council will be chaired by Ronald Faris, president and CEO of Ocwen, and will initially consist of 15 leading non-profit community advocates and housing counseling agencies from around the country. Other members may be added to the Council in the future.
News For OCN From The Last 14 Days
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October 5, 2015
13:46 EDTOCNHome Loan Servicing to pay $1.5M penalty to settle SEC charges
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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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