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Ocwen Financial Corporation to Reduce Costs by Not Renewing Fitch Contract for Corporate Rating

News Provided by GlobeNewswire2018-06-25
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WEST PALM BEACH, Fla., June 25, 2018 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) (“Ocwen”), a leading financial services holding company, today announced that as part of its ongoing efforts to reduce costs, Ocwen has determined that it will not renew its contract with Fitch Ratings, Inc. (Fitch) for various corporate ratings. Ocwen’s US Residential Mortgage Primary Servicer and other servicer ratings are governed by separate agreements with Fitch and are not impacted by this action.

About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding company which, through its subsidiaries, services and originates loans. We are headquartered in West Palm Beach, Florida, with offices throughout the United States and in the U.S. Virgin Islands as well as operations in India and the Philippines. We have been serving our customers since 1988. We may post information that is important to investors on our website (www.Ocwen.com).

FOR FURTHER INFORMATION CONTACT:

Investors:Media:
Stephen SwettJohn Lovallo
T: (203) 614-0141T: (917) 612-8419
E: shareholderrelations@ocwen.comE: jlovallo@levick.com


© 2018 GlobeNewswire, Inc. All Rights Reserved.

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The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


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