Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, as the Consumer Financial Protection Bureau and Florida accused it of widespread servicing errors, while 20 states led by North Carolina filed separate cease-and-desist orders against the firm for improper handling of consumer escrow accounts.

Taken together, the actions sent Ocwen's stock price tumbling 55% to $2.43 a share by midday, and raised questions about whether the firm could survive.

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