Ocwen Financial shuttering residential servicing operations in Houston

• The Houston facility is Ocwen's (NYSE:OCN) smallest residential servicing call center on the U.S. mainland, so the company - in cost-saving mode - chose it to be discontinued.
• About 140 residential servicing employees will be let go vs. the company-wide headcount of 3.2K.
• Ocwen's commercial servicing unit will continue operations out of the Houston location.
• Source: Press Release
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