Ocwen posts big loss, erasing profits for 2015

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Ocwen posts big loss, erasing profits for 2015

Ocwen posts big loss, erasing profits for 2015

Housing Wire-

As the company itself predicted just last month, Ocwen Financial (OCN) is now in a position to record a loss in 2015, after the nonbank reported Wednesday that it generated a net loss of $66.8 million in the third quarter or $0.53 per share.

The company generated revenue of $405 million, down 21% compared to the third quarter of 2014.

 According to a note from Briefing.com, Ocwen’s third quarter results were worse than the Capital IQ Consensus, which had Ocwen posting a loss of $0.22 per share.

[HOUSING WIRE]

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2 Responses to “Ocwen posts big loss, erasing profits for 2015”

  1. SCOTT says:

    OCWAEN SERVICING CROOKS SHOULD ALL BE IN JAIL THEY THIS

  2. SCOTT says:

    OCWAEN SERVICING ARE CROOKS AND SHOULD BE ALL IN JAIL
    THEY DESERVE TO NOT ALSO LOSE MONEY BUT ALL NEED TO
    END UP IN JAIL

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