Ocwen Financial (OCN) Misses Q2 EPS

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Go back to Ocwen Financial (OCN) Misses Q2 EPS

Ocwen Financial Announces Second Quarter 2022 Results

August 4, 2022 6:45 AM EDT

Net income of $10 million and earnings per share of $1.12; return on equity of 8%Net income includes MSR Fair Value Net gain of $34 million and asset sales loss and other unfavorable mark-to-market adjustments of $15 millionBook value per share of $59 as of June 30, 2022, up 22% from June 30, 2021Purchased $25 million in PHH bonds below par; repurchased $17 million of stock as of July 31Total liquidity of $266 million

WEST PALM BEACH, Fla., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial... More