Ocwen stays in the red thanks to legal, regulatory expenses

It was another quarter in the red for Ocwen Financial, albeit a slightly better one than the same time period last year. Ocwen reported its second quarter earnings on Wednesday morning, disclosing that it posted a loss of $44.4 million in the second quarter, with fights against the Consumer Financial Protection Bureau and various state regulators dragging down the company’s business.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s