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Thursday, January 31, 2013

Market Chatter-Corporate finance press digest, (NYSE: OCN)

The following corporate finance-related stories were reported by media on Friday: * Authorities in the UK are looking into an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call during the height of the financial crisis in 2008, allowing the bank to avoid a bailout, The Financial Times reported.* Ocwen Financial Corp is in the lead to purchase a portfolio of mortgage collection rights from Ally Bank worth around $1 billion, three people familiar with the situation said.

Ocwen Financial Corporation (Ocwen), through its subsidiaries, is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services. Shares of OCN traded higher by 3.37% or $1.27/share to $38.97. In the past year, the shares have traded as low as $14.40 and as high as $40.23. On average, 2165570 shares of OCN exchange hands on a given day and today's volume is recorded at 3298024.