Ocwen Financial Corp. disclosed today that it is negotiating with lenders to extend and refinance some of its debt, the Wall Street Journal reported today. In a regulatory filing, the embattled mortgage-servicing company said that it is looking to renew, replace or extend debt arrangements that mature or begin amortization this year. Ocwen said that it is also considering selling and financing advance receivables. The company warned that if it is unable able to change the debt arrangements, it could face a liquidity crunch.
