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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