Ocwen Financial (OCN) Announces Agreement With Oaktree for Additional $250 Million Investment
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Ocwen Financial Announces Agreement With Oaktree for Additional $250 Million Investment and Preliminary Fourth Quarter Results
February 9, 2021 5:28 PM ESTExecuted agreement with Oaktree follows rigorous strategic review process
Continued profitability improvement and originations volume growth
Transformed into balanced and diversified originator and servicer positioned for profitable growth
WEST PALM BEACH, Fla., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced it has executed an agreement with special purpose entities owned by funds and accounts managed by Oaktree Capital Management, L.P. (Oaktree) for a debt investment in the Company... More
