Ocwen Financial Corp (OCN.N)
NEW YORK, May 29 - A federal judge has dismissed a class action lawsuit accusing Ocwen Financial Corp of fraudulently billing hundreds of thousands of homeowners for needless property inspections, saying the case amounts to no more than a breach of contract claim.
May 27 - Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston.
- JPMorgan Chase & Co's consumer and commercial banking unit said it would buy $45 billion of mortgage servicing rights from Ocwen Financial Corp .
May 14 - JPMorgan Chase & Co's consumer and commercial banking unit said it would buy $45 billion of mortgage servicing rights from Ocwen Financial Corp.
March 24 - Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc , its fourth such deal in two months.
March 24 - Ocwen Financial Corp said it would sell an additional $25 billion of residential mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc.
* Says some investors forcing changes to benefit their holdings
March 23 - Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported.
March 18 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
- Ocwen Financial Corp said it was selling residential mortgage servicing rights worth $9.6 billion to a subsidiary of Walter Investment Management Corp .