Mortgage Servicing

Latest Posts

Ocwen Swings Into Loss in Q4 

Mar 13, 2009By

Ocwen Financial Corp. [stock OCN][/stock] said Thursday that it lost a net $3.7 million — or 6 cents per share — in the fourth quarter 2008, after posting a $15.6 million profit in the third quarter. The loss — still below the same-quarter 2007 loss of $6.9 million- — was driven by “fair value adjustments for unrealized losses on trading securities and investments,” company officials said in the earnings statement.

What's New?
Updated 8 hours ago
manage feed