California Agency Seeks to Suspend Servicer’s Mortgage License

By Tory Barringer

Losing California would be a big blow to Ocwen, which serviced more than 378,000 home loans in the state valued at $95 billion unpaid principal balance as of Q3 2014, according to MarketWatch. Shares for the company plummeted in early trading Tuesday, falling off by more than 33 percent before ticking back up slightly. With the latest news, Ocwen is off to a less than promising start to 2015 after concluding what was a rocky 2014

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