Ocwen stock crashed about 60% last week. The greedy pig is now on life support. There will not be any money after the class action suites are adjudicated. Ocwen will not survive their incompetence. They have had many chances to change their ways and they just cannot get it right. Stay away from the Mortgage Order Mills (MOMs) getting work from Ocwen. The tsunami is crashing on the shores of the mortgage segment. Head for high ground or you will not survive.
LOS ANGELES–(BUSINESS WIRE)–Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Ocwen Financial Corporation (“Ocwen” or the “Company”) (NYSE:OCN) concerning possible violations of federal securities laws between May 11, 2015 and April 19, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm in advance of the June 20, 2017 lead plaintiff motion deadline.