Ocwen Financial Announces Operating Results for First Quarter 2019
Ocwen Financial Corporation NEW (OCN)
Last ocwen financial corporation new earnings: 5/2 06:30 am
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US:NYSE Investor Relations:
shareholders.ocwen.com/investor-relations
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Source: GlobeNewswire
Reported a Net Loss of $44 million for the first quarter of 2019Closed or have been awarded MSRs to date with current UPB of $31 billion On track to complete servicing system conversion to Black Knight MSP® and the merger of our principal licensed legal entities in the second quarter of 2019Continued to execute on our cost re-engineering plan and realized annualized run rate cost savings consistent with our expectations through the first quarter of 2019Upsized our Senior Secured Term Loan by $120 million and expect to close $300 million of MSR financing on a fully committed basis in the second quarter of 2019Ended the quarter with $512 million of total stockholders’ equity WEST PALM BEACH, Fla., May 07, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today reported a net loss of $44.5 million, or $0.33 per share, for the three months ended March 31, 2019 compared to a net income of $2.6 milli
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