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UPDATE: Ocwen Financial (OCN) Moves Sharply Lower; NYDFS Accuses of Backdating Letters to Borrowers

October 21, 2014 12:08 PM EDT

(Updated - October 21, 2014 12:11 PM EDT)

Ocwen Financial (NYSE: OCN) is slumping. The company is said to have backdated letters to borrowers.

UPDATE - The New York Department of Financial Services sent the following letter to Ocwen:



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