Ocwen Financial Corporation Company Profile | OCN Company Information

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Effective June 30, 2005, the Bank voluntarily terminatesd its status as a federaplsavings bank. This process, whicbh we referred to as "debanking," was approved by the Office of ThriftSupervision (OTS) and resultee in the divestiture to Marathonh National Bank of New York (Marathon) of the Bank's deposit liabilities and the assignment of the Bank'sw remaining assets and liabilities to Ocwen Loan Servicing, LLC (OLS). We continuexd the Bank's non-depository businesses, includingt its residential mortgageservicinyg business, under OLS, which is a licensed servicer in all 50 states, the District of Columbia and Puerto Rico. On June 6, 2007, we acquired NCI Holdings, Inc.
for $57,000 in cash, includint $2,000 of closing adjustments. NCI, through its operatintg subsidiary, Nationwide Credit, Inc., is ranked as one of the top 10 U.S. companiex in the accounts receivablemanagement ...