Ocwen Financial Corp. (OCN) announced after the bell Thursday that it agreed to buy mortgage servicing rights and related servicing advances from OneWest Bank for $2.53 billion. The stock is now up 1.96 on 11K shares.
Ocwen Financial traded to the upside until around mid-afternoon Thursday and finished higher by 1.58 at $45.74. The stock closed challenging the upper end of a 1-month range at the highs of the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.