Entering text into the input field will update the search result below

Ocwen Financial pays down more debt

Nov. 04, 2015 10:07 AM ETOcwen Financial Corporation (OCN) StockOCNBy: Stephen Alpher, SA News Editor40 Comments
  • The company yesterday paid off another $65.6M of its senior secured term loan, bringing the balance to about $411M. The move comes in connection with payments received from previously closed sales of MSRs.
  • This brings Ocwen's (OCN +1.5%) debt-to-equity ratio down to 0.88x, within shouting distance of the company's goal of 0.8x - possibly presaging ratings agencies upgrades and approval for more MSR buys.

Recommended For You

About OCN Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
OCN--
Ocwen Financial Corporation