Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

The West Palm Beach, Fla., company has reached a new agreement with the New York State Department of Financial Services, it said in an 8-K filing this week. The consent order follows a February agreement with California regulators.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.