Wednesday, February 22, 2017

Ocwen falls back into the red in Q4, but results are much better than last year

Ocwen Financial surprisingly returned to profitability in the third quarter of 2016, breaking a four-quarter streak of losses, but the company’s time in the black appears to be short-lived. The nonbank reported Wednesday that it posted a net loss for the fourth quarter of 2016, but the loss is far smaller than the company reported during the same time period last year. http://www.housingwire.com/articles/39296-ocwen-falls-back-into-the-red-in-q4-but-results-are-much-better-than-last-year ❤️ #share #mortgage



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