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The New York-based banking giant said it is exiting the servicing industry by 2018, a move that comes amid a pullback by many of its peers since the financial crisis.
The man nominated by Donald Trump to be Secretary of Commerce is known as a 'vulture' investor who has capitalized on struggling industries.
Ocwen Financial (OCN) stock is soaring on Thursday afternoon following the company’s better-than-anticipated second quarter revenue.