Ocwen: 1Q Earnings Snapshot
WEST PALM BEACH, Fla. (AP) _ Ocwen Financial Corporation (OCN) on Friday reported a loss of $25.5 million in its first quarter.
The West Palm Beach, Florida-based company said it had a loss of 19 cents per share.
The mortgage servicer posted revenue of $253.8 million in the period.
The company’s shares closed at 40 cents. A year ago, they were trading at $1.89.