The nonperforming loan specialist Ocwen Financial Corp. named Christine A. Reich president and promoted three other executives.

Ms. Reich, 37, will oversee the company's primary business lines. The 10-year Ocwen veteran has been a managing director since June 1994 and president and director of Ocwen Asset Investment Corp. since February 1997. She was chief financial officer of Ocwen Financial from January 1990 to May 1997.

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