Ocwen Financial (OCN) Updates on Q3-to-Date MSR Transactions, Cost Improvement Initiatives

Ocwen Financial Corp. (NYSE: OCN) filed a presentation with the U.S. SEC that it will make to investors over the next several weeks.

In part, the company sees savings of at least $150 million in 2016 compared with projected FY15 operating expenses.

The company is in the process of refinancing the $1.8 billion private label CMART servicing advance facility with a $1.65 billion servicing advance facility.

The company also provided an update on Agency MSR transactions, with about $23 million UPB of sold MSRs in process.

Ocwen's presentation is embedded below:

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