Ocwen Financial (OCN) Tops Q3 EPS by 4c
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Ocwen Financial Announces Operating Results For Third Quarter 2019
November 5, 2019 6:45 AM ESTReported a Net Loss of $42.8 million for the third quarter of 2019Realized annualized run rate cost savings ahead of our expectations through the third quarter and are targeting a more accelerated pace of cost re-engineering in the fourth quarter Enhanced lending capabilities resulted in an increase in funded volume of 29% compared to third quarter 2018 and approximately $2.6 billion of annualized volume in the month of October Implemented a hedging program to mitigate a portion of the interest rate risk associated with our... More
