Ocwen Financial pays back $5.5 million of senior secured term loan

By Tali Rackner

Norfolk, Va., May 8 – Ocwen Financial Corp. paid down roughly $5.5 million of its senior secured term loan on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The repayment follows receipt of a payment in connection with a previously announced sale of mortgage servicing rights.

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

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