Ocwen now expects to record a loss in 2015

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Ocwen now expects to record a loss in 2015

Ocwen now expects to record a loss in 2015

Housing Wire-

Citing lower revenue expectations coupled with higher expected operating, interest and tax expenses, Ocwen Financial (OCN) now expects to post a loss in 2015.

The nonbank made the proclamation in a September investor presentation that was filed with the Securities and Exchange Commission Tuesday.

If the company does post a loss in 2015, it would make the second straight year of losing money for Ocwen. In 2014, Ocwen recorded a net loss of $546 million, a stark reversal from 2013, when Ocwen reported net income of $310.4 million.

[HOUSINGWIRE]

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One Response to “Ocwen now expects to record a loss in 2015”

  1. Stupendous Man - Defender of Liberty, Foe of Tyranny says:

    This is very sad.

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