Ocwen Financial pays down $150.78 million of senior secured term loan

By Wendy Van Sickle

Columbus, Ohio, Sept. 18 – Ocwen Financial Corp. paid down $150.78 million of its senior secured term loan, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The paydowns came in two installments: a $150 million paydown on Friday and a $780,000 repayment on Thursday that followed the receipt of payments from Ocwen’s previously announced sales of mortgage servicing rights. The company now has about $709 million of outstanding debt under the term loan, 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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