Ocwen Financial (OCN) has repurchased approximately $72.3 million in stock from WL Ross & Co., a private-equity firm in New York.

Ocwen, an Atlanta-based mortgage servicing company, said Monday that 62,000 outstanding shares of its Series A preferred stock were converted into common stock, repurchased and then immediately canceled.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.