The company, formerly based in Atlanta, made the disclosure in its 10-K filing on Monday. That news, along with the announcement of a full-year loss of $247 million and a fourth-quarter loss of $224 million, has caused Ocwen's stock price when adjusted for splits to plunge to levels not seen since the spring of 2008, according to data from Yahoo Finance.

Ocwen shares fell nearly 45% Tuesday, to $2.10 apiece, with a low point during the day of $2.05. Almost 34 million shares changed hands.

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