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Ocwen Financial's Board Approves $50 Million Share Repurchase Program

Ocwen Financial's (OCN) board of directors authorized a share repurchase program for up to $50.0 million of the company's issued and outstanding shares of common stock.

Unless the company amends the share repurchase program or repurchases the full amount by an earlier date, the share repurchase program will continue through Nov. 20, 2022.

The company added Monday that there is no guarantee of the number of shares that it will repurchase under the program.