Special Servicer Ocwen Sees Red with $42M Third Quarter Loss

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Press Release

November 6, 2009 - DSNews.com

Special Servicer Ocwen Sees Red with $42M Third Quarter Loss

Ocwen Financial Corporation, the West Palm Beach, Florida-based mortgage servicer known for its work in bringing highly distressed loans back to performing status, has fallen into the red.

The company announced Thursday that it lost $42 million, or $0.51 per share, during the third quarter of this year.

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