Ocwen Financial downgraded at Oppenheimer As noted earlier, Oppenheimer downgraded Ocwen to Perform from Outperform. The firm believes that a letter to the company released by NY Department of Financial Services Superintendent Benjamin Lawsky yesterday on potential forced-place insurance conflicts indicates that Lawsky is "pursuing" Ocwen "with considerable vigor" and that little progress has been made in resolving the issues between Lawsky's office and the company. The firm expects the overhang on the company from these issues to linger longer than it had previously expected.
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