Ocwen Financial (OCN) Misses Q3 EPS by 4c, Misses on Revenue
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Ocwen Financial Announces Third Quarter 2023 Results
November 7, 2023 6:45 AM ESTNet income of $8 million and earnings per share of $1.10; annualized return on equity of 8%Adjusted pre-tax income of $10 million, driven by servicing segment; achieved 9% annualized adjusted pre-tax return on equityTotal servicing UPB of $296 billion and total subservicing UPB of $167 billion, up 2% and 6%, respectively, compared to Q223Repurchased $14 million in PHH senior secured notes below par
WEST PALM BEACH, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced its third quarter 2023 results and provided a business... More
