California may suspend Ocwen’s license

News that California may suspend Ocwen Financial Corp.’s (NYSE: OCN) mortgage
license for violating the California Homeowners Bill of Rights and the California Residential Mortgage Lending Act weighed down shares of Home Loan Servicing Solutions Ltd. (Nasdaq:
HLSS) $3.14 to close at $12.95. Ocwen stock plummeted $4.41 to close at $7.78.