Ocwen Financial Corporation to Reduce Costs by Not Renewing Fitch Contract for Corporate Rating
June 25 2018 - 4:20PM
Ocwen Financial Corporation (NYSE:OCN) (“Ocwen”), a leading
financial services holding company, today announced that as part of
its ongoing efforts to reduce costs, Ocwen has determined that it
will not renew its contract with Fitch Ratings, Inc. (Fitch) for
various corporate ratings. Ocwen’s US Residential Mortgage
Primary Servicer and other servicer ratings are governed by
separate agreements with Fitch and are not impacted by this action.
About Ocwen Financial CorporationOcwen
Financial Corporation is a financial services holding company
which, through its subsidiaries, services and originates loans. We
are headquartered in West Palm Beach, Florida, with offices
throughout the United States and in the U.S. Virgin Islands as well
as operations in India and the Philippines. We have been serving
our customers since 1988. We may post information that is important
to investors on our website (www.Ocwen.com).
FOR FURTHER INFORMATION CONTACT:
Investors: |
Media: |
Stephen Swett |
John Lovallo |
T: (203) 614-0141 |
T: (917) 612-8419 |
E:
shareholderrelations@ocwen.com |
E:
jlovallo@levick.com |
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