The Morning Brief: More Losses for White Elm from Ocwen and Altisource

Shares of the mortgage loan servicer Ocwen Financial Corp. plummeted by 27 percent to close at $16 after the Georgia-based company agreed to a settlement with New York regulators that calls for the resignation of founder William Erbey. The company also agreed to pay a $100 million penalty and another $50 million as restitution to current and former customers whose properties were in foreclosure.

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