Published April 20, 2017 1:19pm EDT | Updated April 20, 2017 3:05pm EDT

Ocwen Shares Plunge As North Carolina Rules Firm Can't Acquire New Service Rights

Shares of Ocwen Financial lost a quarter of their value as North Carolina ruled the company cannot acquire new mortgage service rights or originate new mortgages that it would service until it can show it is financially stable and that customer escrow funds are being properly collected, calculated and disbursed.