Ocwen Financial (OCN) Tops Q4 EPS by 23c, Revenues Beat
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Ocwen Financial Announces Strong Results for the Fourth Quarter
February 26, 2020 6:45 AM ESTAchieved Net Income of $34.9 million for the fourth quarter of 2019 Increasing 2020 volume target for lending and flow channels to $15 - 20 billion reflecting continued strong growth and business momentum across originations platformExpense savings from cost re-engineering initiatives were significantly ahead of expectations through the fourth quarterEnded the year with $428 million of cash and $412 million of total stockholders' equity, or a book value per share of $3.06Cooperating with NRZ to support the termination of the legacy PHH subservicing agreement, which generated an estimated... More
