Sterne Agee CRT Downgrades Ocwen Financial Corp (OCN) to Neutral

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Ocwen Financial Announces Operating Results for Second Quarter 2015

July 30, 2015 4:02 PM EDT

Generated Q2 2015 Net Income of $10 million and Cash From Operating Activities of $210 million Reduced corporate debt by $264 million and ended June with $490 million of liquidity Announces cost improvement initiative

ATLANTA, July 30, 2015 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE: OCN) ("Ocwen" or the "Company"), a leading financial services holding company, today reported net income of $10 million, or $0.08 per share, for the three months ended June 30, 2015 compared to net income of $67 million, or $0.48 per share, for the three months... More