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Ocwen purchased $12,930 of its 10 7/8% capital securities in January
By Jennifer Chiou
New York, May 7 - Ocwen Financial Corp. repurchased $12,930 of its original $125,000 of 10 7/8% capital securities in January, according to a 10-K filing with the Securities and Exchange Commission.
As a result, the company recognized a gain of $717.
Ocwen issued the securities in August 1997.
Based in West Palm Beach, Fla., Ocwen is a business process outsourcing provider to the financial services industry that specializes in loan servicing, mortgage fulfillment and receivables management services.
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