Earlier this year, when Ocwen Financial reported a net loss for the second quarter, marking its fourth straight quarter of taking a loss, the company’s executives said that despite the “legacy” issues Ocwen faced, they believed the company was on a path back to profitability. What they didn’t say is just how long it would take the nonbank to get back into the black. As it turns out, it only took one quarter. http://www.housingwire.com/articles/38378-ocwen-returns-to-profitability-for-first-time-since-q2-2015 ❤️ #share #mortgage
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