Friday, May 1, 2015

Ocwen turns profit in first quarter but CEO vows to “do better”

Reversing a trend that saw it lose $546 million in 2014, Ocwen Financial reported net income of $34.4 million, or $0.27 per share, for the first quarter of 2015. But Ocwen President and CEO Ron Faris said the company is not satisfied and intends to “do better.”

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