COPPELL, ADDISON, LEWISVILLE - Ocwen Financial Corp. will cut 240 jobs at three North Texas locations in 2014. The Atlanta–based company, which specializes in high-risk loans, will reduce its workforce at Coppell, Addison and Lewisville starting in the first seven months of 2014, according to a WARN letter.
The company helps homeowners keep their homes and avoid foreclosure. In 2011, the company purchased the debt-collecting businesses of Morgan Stanley and Goldman Sachs for $306 million. The company also purchased the GMAC Mortgage operation in Waterloo, Iowa.
The company is laying off 800 workers nationwide.
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