Ocwen Gets Good News; Shares Spike

May 2, 2017 Aly J. Yale

Ocwen's shares are finally starting to recover since the CFPB and 21 states filed suit against it last month. Following an announcement that New Residential Corporation will acquire Ocwen's mortgage servicing rights, the company's stock rose 46 percent at one point, reaching $3.32 at its highest. Ocwen's shares had dropped more than 50 percent after April's legal allegations.

The post Ocwen Gets Good News; Shares Spike appeared first on theMReport.com.

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