Housing Wire-
Ocwen Financial reported its fourth quarter and full-year 2015 financial results on Monday morning, and the news wasn’t good.
In fact, it was a parade of bad news for the nonbank.
According to Ocwen’s financial data filed Monday with the Securities and Exchange Commission, the nonbank posted a big loss in 2015, making it the second year in a row that the nonbank took a loss.
And not only did the nonbank take a loss in 2015, it expects to take another in 2016.
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