Ocwen Financial pays down $53.2 million of senior secured term loan

By Wendy Van Sickle

Columbus, Ohio, June 10 – Ocwen Financial Corp. has paid down about $53.2 million of its senior secured term loan, according to a Form 8-K filed Tuesday with the U.S. Securities and Exchange Commission.

The paydown followed Ocwen’s previously announced sales of mortgage servicing rights and brings the company’s outstanding debt under the term loan to about $939.4 million, according to the filing.

Based in Atlanta, Ocwen provides mortgage loans and loan modification services in the United States, India and the Philippines.

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