Ocwen Financial (OCN) Posts Q4 GAAP Loss of $1.79/Share; Notes Recent SEC Investigation

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Go back to Ocwen Financial (OCN) Posts Q4 GAAP Loss of $1.79/Share; Notes Recent SEC Investigation

Ocwen Financial Announces Operating Results for Fourth Quarter and Full Year 2015

February 29, 2016 6:00 AM EST

In 2015, generated $582 million of Cash from Operating Activities, paid down senior secured term loan by $879 million and ended the year with a Corporate Debt to Equity ratio of 0.9xEnded 2015 with $331 million of available liquidity, $202 million higher than the prior year-endAnnounces strategy to be a world-class asset origination and servicing businessLaunched new Automotive Capital Services commercial lending business

WEST PALM BEACH, Fla., Feb. 29, 2016 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE: OCN) (Ocwen or the Company), a leading... More