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Tag Archives: Senior Secured Term Loan

Ocwen to Use MSRs to Decrease Loan Debt

Today, Ocwen Financial Corporation announced that it will use payments connected with previous mortgage servicing rights (MSRs) sales to pay down $53.2 million of its senior secured term loan, according to the company’s recent 8-K filing with the Securities and Exchange Commission (SEC). As of now, Ocwen still has approximately $939.4 million left outstanding under its senior secured term loan.

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