- 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.
Ocwen Financial pays down more debt
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Symbol | Last Price | % Chg |
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OCN | - | - |
Ocwen Financial Corporation |